MetLife India enters into bancassurance tie-up with Barclays

New Delhi, July 11 (UNI) MetLife India Insurance Company Pvt Ltd (MetLife) today entered into a bancassurance agreement with financial services provider, Barclays.

MetLife Managing Director Rajesh Relan said, ''Barclays and MetLife vision of providing world class products to its customers.'' ''The tie-up with MetLife will address our clients' need for a comprehensive range of best-in-class, need-based life insurance solutions. We are also happy that with this need-based approach, we will assure our customers of solutions that are tailor-made to their individual insurance needs, added Barclays India Managing Director Samir Bhatia.

Through its other partnerships with Jammu and Kashmir Bank, UTI Bank, Karnataka Bank and Dhanalakshmi Bank, MetLife's products are available at over 500 branches of these partner banks.

MetLife follows a multi-distribution approach. Besides the strong bancassurance channel, the company currently has an agency force comprising around 25,000 financial advisors. It is currently present in 72 cities through 90 offices.

UNI