bank life insurance

by Guest » Wed Apr 18, 2012 01:30 am
Guest

Hello
This is the first time to ask.
I have the question about the insurance sold by bank (bancassurance).

I think banks can sell life insurance product and annuity. Are they sold a lot?

I came to NY fron Tokyo recently and what I am surprized is that there are a lot of branches but there are very very few people in the branch. In Japan bank branch is crowded with people everyday.
I think this is one of the reason if bank can not sell a lot.

My another question is
1 why few people come to branch?
2 why banks keep branch although it might cost a lot to have branch in the town?

I am sorry for this curious question

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