(a) Bancassurance Channel – Corporate Agency Channel : Banks could also distribute insurance to their customers by taking up a corporate agency. Thus, this channel is also actually a corporate agency channel. Banks have leverage and trust and credibility that they have established with their clients and have been doing very well in distributing insurance. As such, the distribution of insurance through banks is being referred to as “Bancassurance Channel” although it is actually an extension of the Corporate Agency Channel. Banks are corporate agents who represent one life insurance or one general insurance company or one stand health insurance company, or all three of them. (b) Bancassurance Channel – Broking Channel : Recently, the Regulator IRDAI has allowed banks to work as Insurance Brokers too. Thus, the Banks can choose either the Corporate Agency model or the Broking Channel to offer insurance solutions to their clients.