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Shivalik Mercantile, Bajaj Allianz General Insurance ink bancassurance deal

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Shivalik Mercantile, Bajaj Allianz General Insurance ink bancassurance deal

Bajaj Allianz General Insurance Co. Ltd. and Shivalik Mercantile Co-operative Bank signed a bancassurance agreement.

Under the agreement, Shivalik Mercantile Co-operative Bank will distribute Bajaj Allianz's products through its network of 24 branches, the companies said in a Nov. 24 statement.