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bancassurance

 
 
/ˈbæŋkəʃʊərens/ US   /ˈbæŋkəʃʊrens/ noun [U] UK

Definition

BANKING, INSURANCE the combination of banking and insurance services that is offered by many banks: Many insurance companies have been threatened by the growth of bancassurance.
→ See also allfinanz
(Definition of bancassurance noun from the Cambridge Business English Dictionary © Cambridge University Press)

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