UCO Bank Partners With Four Insurers to Sell Their Products
- State-run UCO Bank tied up with four insurers to offer various insurance products to its customers through its network of branches across the country. The lender teamed up with SBI Life Insurance Company, the Oriental Insurance Company and Religare Health Insurance Company, Star Health and Allied Insurance Company for selling their products.
- With these new partnerships, the lender will now be offering a much wider range of insurance products, UCO Bank MD and CEO Atul Kumar Goel said. The fresh tie-ups have strengthened the bank’s partnerships with insurers from existing two to six, an official said.
- “These will enable us to reaffirm our commitment to our customers for their financial well being. We would digitise and automate the customer interface for availing these facilities,” UCO Bank executive director Ajay Vyas said.
About UCO Bank-
UCO Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is a major government-owned commercial bank of India. During FY 2013–14, its total business was ₹ 4.55 lakh crore. Based on 2014 data, it is ranked 1860 on the Forbes Global 2000 list.
- Founded – 6 January 1943
- Founder – Ghanshyam Das Birla
- Headquarters – Kolkata
- CEO– Atul Kumar Goel
About SBI Life Insurance Company-
SBI Life Insurance is a joint venture life insurance company between State Bank of India, the largest state-owned banking and financial services company in India, and BNP Paribas Cardif. BNP Paribas is a French multinational bank and financial services company with global headquarters in Paris.
- Founded – March 2001
- Headquarters – Mumbai
- CEO– Mahesh Kumar Sharma
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