Bancassurance

Business, Legal & Accounting Glossary

Definition: Bancassurance


Quick Summary of Bancassurance


A combination of banking and insurance business. A high street bank, for example, might sell both mortgages and the life insurance policies that must go with them. Also applies to pension sales by banks.



What is the dictionary definition of Bancassurance?

Dictionary Definition


A banking and insurance structure in which insurance is sold through the bank or the bank’s distribution channels


Cite Term


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Page URL
https://payrollheaven.com/define/bancassurance/
Modern Language Association (MLA):
Bancassurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 25, 2020 https://payrollheaven.com/define/bancassurance/.
Chicago Manual of Style (CMS):
Bancassurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/bancassurance/ (accessed: November 25, 2020).
American Psychological Association (APA):
Bancassurance. PayrollHeaven.com. Retrieved November 25, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/bancassurance/

Definition Sources


Definitions for Bancassurance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.