Karnataka Bank Ltd has entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance products of LIC.
The bank signed the corporate agency agreement with LIC in Mangaluru, Karnataka. The bank will be able to provide the vast choice of life insurance products to its customers across all its 769 branches with this MoU.
Static Takeaways from above News-
- Mr.Mahabaleshwara M.S is the Managing Director & Chief Executive Officer of Karnataka Bank
- V. K. Sharma is the current chairman of LIC
- LIC is Headquartered in Mumbai.
Source- The Hindu