Mumbai, July 24: Syndicate Bank is to distribute, through its 2,000 branches, insurance products of Allianz Bajaj Life Insurance Company Ltd (ABLICL). "The bancassurance agreement was formalised today (Thursday) between the insurance company chairman Rahul Bajaj and state-owned bank's chairman Michael Bastian in Pune,” an ABLICL release said here.
Bancassurance channel currently contributes about 25 per cent of the premium collected by Allianz Bajaj, it said.

The company sold over 37,000 policies and collected a premium of about Rs 30 crore in April-June 2003.
Allianz Bajaj also inked a pact with the Standard Chartered Bank to distribute bancassurance products, the release said. Bureau Report