Bank of India partners with NIACL to Enhanced General Insurance Products
Bank of India’s customers will have access to insurance solutions, including health, motor, personal accident, home, and commercial insurance products offered by NIACL, a systemically important insurance company.
Mumbai, March 24, 2025: Bank of India, one of India’s leading public sector banks and New India Assurance Co. Ltd.(NIACL), India’s premier insurance company have entered into a strategic partnership on 24th March, 2025, at its Head Office in Mumbai to offer a wide range of general insurance products to the Bank’s customers.
With this tie-up, Bank of India’s customers will have access to insurance solutions, including health, motor, personal accident, home, and commercial insurance products offered by NIACL, a systemically important insurance company.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
Speaking on the occasion, Shri Rajneesh Karnatak, MD & CEO, Bank of India, stated “The tie-up is a step forward in offering comprehensive insurance solutions under one roof."
Ms. Girija Subramanian, Chairman-cum-Managing Director, NIACL, expressed confidence that “The partnership will enhance insurance penetration for Bank of India customers and provide them with quality service and protection”
Bank of India has over 5,200 branches across the country, while New India Assurance Co. Ltd. brings with it over 100 years of excellence in the general insurance sector, making this partnership a powerful alliance in India’s bancassurance ecosystem.
Read Also : IREDA Raises INR 910.37 Crore through Privately Placed Tier-II Bonds