Mumbai, Jan 22: Private life insurer Reliance Nippon Life Insurance Co Ltd on Monday said it has signed a comprehensive bancassurance agreement with rhw public sector Bank of Maharashtra. In a statement here, Reliance Nippon Life said: “This partnership is aimed at enhancing the bank’s customer proposition and positioning the bank as the most preferred fincial services supermarket. This partnership further aims to maximise the distribution fee potential for the bank.” Under the deal, a bank is appointed as a corporate insurance agent to sell insurance policies. The tie-up will eble Reliance Nippon Life Insurance to further customer outreach. “We are delighted to partner with Reliance Nippon Life Insurance as this partnership will further complement the bouquet of fincial solutions viz protection, savings and investment solutions that we offer to our customers,” Ravindra Marathe, Maging Director, Bank of Maharashtra, was quoted as saying in the statement.