How To Kickstart A Career In The Banking And Insurance Sector With Banking Courses In India? - Mumbai

Banking, financial services, and insurance (BFSI) is the industry’s umbrella term for companies that provide a range of such financial products or services. This includes universal banks that provide a range of financial services or companies that operate in one or more of these financial sectors. Various banking courses can be pursued to avail of jobs in the banking industry.
Growth outlook for the banking and insurance sector in India
The pandemic and lockdown restrictions have greatly impacted insurance sales in India. With all things going digital, the need of the hour was to adapt to the changing conditions and implement an easy and accessible way to boost insurance sales. Banks in India have relied on advanced digital capabilities, promotional activities, and features of new insurance policies to encourage more partnerships with insurance players.
Bancassurance means selling insurance products through banks. Banks and insurance companies come up in a partnership, wherein the bank sells the affiliated insurance company’s insurance products to its clients. To provide “one-stop banking” to valued customers, banks have undertaken the selling and distribution of Life Insurance and General Insurance Products of the most trusted Insurers through their branches.

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