Corporate agency arrangement with Commercial Banks

Export Credit Guarantee Corporation has signed the Corporate Agency Agreements with the following banks for marketing the insurance products of ECGC meant for the exporters:

1. Allahabad Bank.
2. Andhra Bank.
3. Bank of Baroda.
4. Bank of India.
5. Bank of Rajasthan Ltd.
6. Canara Bank.
7. Catholic Syrian Bank.
8. City Union Bank Ltd.
9. Corporation Bank.
10. Dena Bank.
11. Federal Bank.
12. Indian Bank.
13. Indian Overseas Bank.
14. Karnataka Bank.
15. Karur Vysya Bank Ltd.
16. Lakshmi Vilas Bank Ltd.
17. Punjab National Bank.
18. Saraswat Co-op. Bank.
19. South Indian Bank Ltd.
20. UCO Bank.
21. Union Bank of India.
22. United Bank of India.
23. Tamil Nadu Mercantile Bank.
24. Central Bank of India.
25. Syndicate Bank.
26. Bank of Maharashtra

Bancassurance is a concept by which the insurance company markets its insurance products through the banks. As the bank has a better network of branches in different places, it is possible for them to market the products of various insurance products at one window. It is also easier for the customers to have one contact point. It is expected that this arrangement besides being mutually beneficial, will benefit the exporting community.