Bancassurance Agreement

Mar 18, 2018

Union Life Insurance Co. Ltd and Citizens Bank Ltd have signed an agreement of ‘Bancassurance’. The bancassuarnce agreement was officially signed by Mr. Rajan Singh Bhandari , CEO of Citizens Bank  International Ltd 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 Citizens Bank International Ltd.


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, Kumari Bank Ltd and Muktinath Bikas Bank Ltd.