Both the firm signed MOU for the distribution of life insurance products
South Indian Bank and LIC of India have entered into a strategic agreement for the distribution of life insurance products through all the branches of South Indian Bank. Under the tie-up, LIC of India will provide its life insurance products to the customers of South Indian Bank.
The MOU in this regard was exchanged by Dr. V. A. Joseph, MD and CEO of South Indian Bank, and Rajesh Kandwal, Executive Director (B&AC) and LIC of India.
Rajesh Kandwal, Executive Director, LIC of India, said: “We are very excited about the potential of our tie-up with South Indian Bank which is a commercial bank in India with a strong focus on asset quality, excellence in banking technology and delivery of service of quality.”