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LIC signs agreement with UBI to distribute latter’s policies

Sumit Arora Last updated on July 23rd, 2020 02:31 pm 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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.