Private sector lender City Union Bank (CUB) on Friday signed a company company settlement with Shriram General Insurance to distribute the latter’s insurance coverage merchandise via its community of branches throughout the nation. Under the settlement, Shriram General Insurance will provide private traces of insurance coverage merchandise comparable to motor, accident, residence and journey insurance coverage together with industrial traces of insurance coverage merchandise comparable to property, marine and engineering insurance coverage to the financial institution’s clients.
N Kamakodi, MD & CEO of CUB, mentioned, “We are delighted to partner with Shriram General Insurance. We are of firm belief that the partnership will certainly bring the best of non-life insurance products to our customers.” CUB has at all times labored in the direction of offering elaborate insurance coverage product traces to its clients with new company company tie-ups and the financial institution proposes to assist the shoppers tide over all ups and downs, he mentioned.
Shriram General Insurance Company is a three way partnership between Shriram Capital, the holding firm for the monetary providers enterprise of the Shriram Group, and Sanlam Limited (headquartered in South Africa), a number one pan-African monetary providers group.
Anil Kumar Aggarwal, MD & CEO, Shriram General Insurance, mentioned, “We are confident that this partnership will enable us to provide best-in-class insurance products to CUB customers, and take the customer experience to the next level. By leveraging technology, we will ensure digital, instant and seamless insurance experience to the bank’s urban as well as rural customers.”
Source: www.financialexpress.com”