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Investments glossary

Bancassurance


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Quotes of the day:

Early morning hath gold in its mouth.

— Benjamin Franklin

Bancassurance is an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank’s client base. This partnership arrangement can be profitable for both companies. Banks earn additional revenue by selling insurance products, and insurance companies expand their customer bases without increasing their sales force or paying agent and broker commissions.


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