Tamilnad Mercantile Bank ties up with Kotak Mahindra GI

15 Dec 2022 , 09:15 AM

Tamilnad Mercantile Bank Limited (TMB), one of the premier scheduled commercial banks, executed the agreement for marketing the General Insurance Products through the tie-up arrangement with Kotak Mahindra General Insurance Company Limited.

The event was attended by dignitaries from the Bank and Kotak Mahindra General Insurance Company Limited.

The Insurance Company has expressed its delight at entering into a glorious tie-up agreement with a bank that has a century-long customer
relationship.

“India is one of the countries with very low general insurance penetration,” said Suresh Agarwal, MD & CEO of Kotak Mahindra General Insurance Co. Limited in a statement. “These types of arrangements enable us to broaden our distribution and reach out to more people, allowing them to reap the benefits of insurance coverage.”

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