United Bank, HDFC Life Sign Bancassurance Deal

United Bank of India has signed a bancassurance deal with private life insurer HDFC Life Insurance Company. Through this partnership, United Bank’s customers will be able to take advantage of HDFC Life’s expertise in life insurance products, distribution and customer service.

United Bank has a strong presence in rural and semi-urban areas, with over 2,000 branches and offices, while HDFC Life is India’s largest non-bank-promoted private life insurer.

Source- The Hindu Business Line

Static/Current Takeaways Important For LIC AAO Mains Exam:

  • MD and CEO of United Bank Of India: A.K. Pradhan, Headquarters in: Kolkata, West Bengal.
  • HDFC Life MD and CEO: Vibha Padalkar, Head Office in: Mumbai, Maharashtra.
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