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HDFC ERGO, Vakrangee ink agreement for distributing insurance products

India's HDFC ERGO General Insurance Co. Ltd. and Vakrangee Ltd. entered into a corporate agency agreement for the distribution of general insurance products.

The tie-up will allow HDFC ERGO to boost its distribution network of more than 26,000 Vakrangee outlets, which include underserved areas in the country, according to a Dec. 15 release.