STOCK MARKET BSE NSE

LIC ties up with Union Bank of India

The amalgamated Union Bank of India has 1,021 branches in Tamil Nadu and Kerala.

Published: 23rd July 2020 06:33 AM  |   Last Updated: 23rd July 2020 06:33 AM   |  A+A-

The rollout function was held in the Union Bank premises

By Express News Service

CHENNAI: The Life Insurance Corporation (LIC) of India and Union Bank of India, after its amalgamation with Andhra Bank and Corporation Bank, have announced a Corporate Agency Tie-up by which LIC policies will be distributed through the bank.

The amalgamated Union Bank of India has 1,021 branches in Tamil Nadu and Kerala. The rollout function was held in the Union Bank premises recently. Speaking on the occasion, MH Padmanabham, field general manager Union Bank of India, Chennai, expressed his happiness on entering into an MoU with LIC of India as an insurance partner of Union Bank of India.

The zonal manager of LIC south zone, K Kadiresan expressed his happiness about the tie-up and mentioned how the bank acts as a financial supermarket by offering a basket of products to its account holders whereby they can select products according to their choice.

The bank will market LIC products like Term Insurance, Pension Plans, Children Plans, ULIPs and Endowment Type Plans. He also highlighted the features and benefits of LIC’s policies. BP Das, regional head, Union Bank of India, Chennai North, mentioned how LIC is an absolute necessity and prudent financial investment. E Pulla Rao, DGM, Union Bank of India, Chennai South, proposed the vote of thanks.

More from Chennai.

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp