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Dena Bank entered into a tie up with Bajaj Allianz Life Insurance for distribution of their group life insurance product 'Sarva Shakti Suraksha' through the Bank's branches.The Memorandum of Understanding [MoU] was signed by M.K. Sharma, General Manager, Dena Bank and A.S. Narayanan, Head - Bancassurance, Group & NRI Business, Bajaj Allianz Life Insurance Co. Ltd., in Mumbai.Speaking on the occasion, Sharma said, "We are proud to be associating with Bajaj Allianz as this tie up will enable us to offer a low cost financial product, suitable to a large segment of the population which can't afford insurance. It is a part of the measures being taken by the Bank towards the process of financial inclusion."Narayanan said, "It is a matter of great privilege to be associated with Dena Bank, which is a well known name in the banking sector in the country. This association will enable us to strengthen our commitment to reaching out to all strata of the population."About Dena Bank:Dena Bank is a nationalised Bank having its Head Office in Mumbai. The Bank was established on 26th May, 1938 as Devkaran Nanjee Banking Company Pvt. Ltd. and was nationalised in 1969.Dena Bank has a network of over 1200 branches and satellite offices in rural, semi urban, urban and metro areas across the country, with a strong presence in Western India [Gujarat and Maharashtra.
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