Oriental Bank of Commerce, as part of its 75th anniversary celebrations, announced the signing of a corporate agency agreement with India’s leading general insurance provider, Cholamandalam General Insurance Company Ltd, for distribution of the latter’s insurance products.
Under the agreement, Chola MS will offer a wide range of non-life insurance products to Oriental Bank customers through the bank’s extensive nationwide branch network. Chola MS insurance products ranging from personal products — such as motor, home, health, and travel insurance — and commercial products, such as fire, marine and engineering insurance, are being offered.
Speaking on the occasion, Animesh Chauhan, Managing Director & Chief Executive Officer, Oriental Bank of Commerce, said “We are delighted to partner with Chola MS for bringing best-in-class non-life insurance products to our customers. The partnership will greatly benefit our customers and through this alliance, both Oriental Bank and Chola MS seek to fulfil the non-life insurance needs of customers.”
Commenting on the partnership, SS Gopalarathnam, Managing Director–Chola MS added “We are privileged to be the General Insurance partner of choice for Oriental Bank. By aligning the bank’s vision to be a premier customer-friendly bank with Chola MS core brand essence of T3 which is Trust / Transparency / Technology, we hope to bring in unique customised products for the bank’s customers, empathetic claims services and robust technology integration to seamlessly provide a unique buying experience for Oriental Bank customers. We are committed to working together with the Oriental Bank team to ensure that customers have access to the best of insurance protection for their personal and business needs.”