what is bancassurance?

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what is bancassurance?

2006-07-03 21:34:38 · 3 answers · asked by tyuquan 1 in Business & Finance ➔ Investing

3 answers

It is a term coined to denote the combination of banking and insurance business within the same organisation.

In other words, it is the distribution of insurance products through a bank's distribution channels. Bancassurance describes a package of financial services that can fulfill both banking and insurance needs at the same time.

2006-07-03 21:43:41 · answer #1 · answered by sks 5 · 1⤊ 0⤋

A French term referring to the selling of insurance through a bank's established distribution channels

2006-07-04 11:26:51 · answer #2 · answered by Promiser_Jason 3 · 0⤊ 0⤋

i think its insurance provided by the bank

2006-07-04 04:37:14 · answer #3 · answered by Anonymous · 0⤊ 0⤋