Canara Bank commences selling Aviva Life insurance products

By Mumbai: | 26 Feb 2003

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Mumbai: Aviva Life Insurance has launched the sale of its products through Canara Bank. Aviva and Canara Bank had signed a letter of intent in November 2002 to retail life insurance products.

Canara Bank, which was issued its corporate agency licence in January 2003, will start selling the insurance products from 50 of its branches across 39 Indian cities.

Canara Bank is likely to earn a commission income of between Rs 20-25 crore in the first year of business, according to bank officials.

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