Bancassurance definition
Examples of Bancassurance in a sentence
Such amount is subject to adjustments agreed between the parties from time to time, and will be used for costs and expenses relating to all sales and marketing activities for the Bancassurance Business.
Should You have any reason to believe that We have not done so, please contact preferably in writing, Our Manager for Bancassurance, who will be ready to help You with Your concerns.
This invitation has been prepared solely for the purpose of enabling MCB to become a Corporate Agent of an eligible Life Insurance Company in addition to its current partner(s) for Bancassurance business through branches of the Bank in Myanmar within the prescribed regulatory framework.
The Bank and the Bidder shall make every effort to resolve amicably, by direct informal negotiation between the Bancassurance Department of the Bank and the Bidder, any disagreement or dispute arising between them under or in connection with the contract.
If the Bancassurance Department and Bidder Project Director are unable to resolve the dispute after thirty days from the commencement of such informal negotiations, they shall immediat ▇▇▇ refer the dispute to the Senior Authorized personnel designated by the Bidder and Bank respectively.
For the period from 1 December 2025 during the term of the Exclusive Distribution Agreement, HSBC Life will bear investment amounts up to HK$2,000,000 for each calendar year, which will be prorated for partial calendar years, in connection with transformation and technology investments to be undertaken by the Company to support the Bancassurance Business as agreed between the parties.
Bancassurance: Bancassurance refers to the distribution of insurance products and the insurance policies of insurance companies which may be life policies or non-life policies like home insurance - car insurance, medi-policies and others, by banks as corporate agents through their branches located in different parts of the country by charging a fee.
The working committee will be responsible for coordinating day-to-day activities in relation to the conduct of the Bancassurance Business as determined by the joint steering committee.
She owns a successful track record of executing new business initiatives, and managing both Bancassurance and Financial Advisory distribution networks for a range of wealth management products and services in mass affluent, high-net-worth and ultra high-net- worth market segments in Singapore and SEA region, as well as world- renowned insurers such as Zurich Insurance Group, Friends Provident International, American International Assurance (AIA) and Prudential PLC.
The joint steering committee will be responsible for making strategic decisions in relation to the arrangements under the Exclusive Distribution Agreement and the Bancassurance Business.