Bancassurance Agreement

Feb 14, 2018

Union Life Insurance Co. Ltd and Kumari Bank Ltd signed an agreement of ‘Bancassurance’ on 2074/10/21. The bancassuarnce agreement was officially signed by Mr. Arjun Mani Timilsina, Sr. Deputy Chief Executive Officer and Mr. Manoj Kumar Lal Karn, CEO of Union Life Insurance Co. Ltd.


According to the agreement, Life Insurance policies of Union Life Insurance will be available in corporate office as well as all the branches of Kumari Bank Ltd.  Union Life Insurance and Kumari Bank have also agreed upon organizing  promotional events to increase attraction towards  life insurance policies.


Union Life Insurance has issued 8 types of Life Insurance Policies among which ‘Money Back Cum Whole Life’ is the most popular one.


Before this, Union Life Insurance had signed Bancassurance agreement with Janata Bank Ltd.