Categories: Agreements

LIC signs agreement with UBI to distribute latter’s policies

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

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.

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