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Allahabad Bank, SBI Life sign bancassurance partnership

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Allahabad Bank, SBI Life sign bancassurance partnership

Allahabad Bank and SBI Life Insurance Co. Ltd. signed a bancassurance agreement to sell the insurer's policies through the bank's branches, Press Trust of India reported Dec. 31, 2018, citing a press release.

The partnership, one of the largest in India, will see Allahabad Bank's 3,238 branches across the country offer SBI Life's products to its customers.