Canara HSBC Life Insurance signs agreement with Bihar Gramin Bank for product distribution

Canara HSBC Life Insurance Company has entered into a Corporate Agency Agreement with Bihar Gramin Bank to distribute its insurance products. The agreement was executed on 11th March 2026.

Under the terms of the agreement, Canara HSBC Life Insurance will pay a commission to Bihar Gramin Bank as per the company’s board-approved commission policy. The agreement does not involve any shareholding or special rights, and Bihar Gramin Bank is not related to the promoter or promoter group of Canara HSBC Life Insurance.

The partnership aims to leverage Bihar Gramin Bank’s extensive network to enhance the distribution reach of Canara HSBC Life Insurance’s products. This collaboration is expected to provide customers in rural areas with better access to insurance solutions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by News Desk before publication.