Why so many banks are coming up with new insurance ventures? Is it very profitable? Pls share your views.
Why so many banks are coming up with new insurance ventures? Is it very profitable? Pls share your views.
Yes. If you see US and UK you will find lots of bank having selling insurance products thru their branches. Its concept of the loyalty of the customer which banks are cashing in. Lots of bank started as bank assurance, now as they know the profitability of insurance business, they are coming up on their own.Originally Posted by Siddharth
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