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Why Indian Life Insurers Want To Cut Reliance On Dominant Sales Channel
Insurers are promoting their own distribution networks as banks begin selling products of multiple insurers.
27 Dec 2019, 10:07 AM IST
Indian life insurers, which derive a chunk of their sales through banks, are increasingly trying to push plans through their own distribution networks.Sales via bancassurance, or banking channels, of most listed insurers fell in the first six months of the ongoing fiscal, according to their exchange filings. Contribution from other sources rose gradually.
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