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LIC signs agreement with UBI to distribute latter’s policies

LIC signs agreement with UBI to distribute latter's policies_4.1

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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