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LIC signs agreement with UBI to distribute latter’s policies

Sumit Arora Published On July 23rd, 2020 Leave a comment

Life Insurance Corporation of India (LIC) and Union Bank of India, after its amalgamation with Corporation Bank and Andhra Bank, have announced a corporate agency agreement to distribute LIC policies.

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The bank will market LIC products of term insurance, pension, plan, children plan, ULIPs, and endowment schemes. Union Bank of India can act as a financial supermarket by offering a basket of products to its account holders, whereby they can select products according to their choice.

Important takeaways for all competitive exams:

LIC Chairman: MR Kumar.
LIC Headquarter: Mumbai, Maharashtra.
Union Bank of India MD & CEO: Rajkiran Rai G.
Union Bank of India Headquarter: Mumbai, Maharashtra.
Tagline of Union Bank of India: Good People to Bank with.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.