Bancassurance

Tax Glossary Definition

Bancassurance

Bancassurance – A collaborative arrangement in which a bank partners with an insurance company to distribute insurance products to the bank’s clients. This setup enables the bank to generate extra income through fees or commissions, while the insurer gains access to a wider customer base through the bank’s established network.

Example: Under a bancassurance agreement, a bank may promote and sell life insurance policies from a partner insurer to its savings account holders.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat
Mobile Apps Available On
This feature is available on our mobile app. Get the app now to access this feature!

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App