Personal sector lender Metropolis Union Financial institution (CUB) on Friday signed a company company settlement with Shriram Normal Insurance coverage to distribute the latter’s insurance coverage merchandise by its community of branches throughout the nation. Beneath the settlement, Shriram Normal Insurance coverage will supply private strains of insurance coverage merchandise resembling motor, accident, house and journey insurance coverage together with business strains of insurance coverage merchandise resembling property, marine and engineering insurance coverage to the financial institution’s prospects.
N Kamakodi, MD & CEO of CUB, mentioned, “We’re delighted to companion with Shriram Normal Insurance coverage. We’re of agency perception that the partnership will definitely carry one of the best of non-life insurance coverage merchandise to our prospects.” CUB has at all times labored in the direction of offering elaborate insurance coverage product strains to its prospects with new company company tie-ups and the financial institution proposes to assist the purchasers tide over all ups and downs, he mentioned.
Shriram Normal Insurance coverage Firm is a three way partnership between Shriram Capital, the holding firm for the monetary companies enterprise of the Shriram Group, and Sanlam Restricted (headquartered in South Africa), a number one pan-African monetary companies group.
Anil Kumar Aggarwal, MD & CEO, Shriram Normal Insurance coverage, mentioned, “We’re assured that this partnership will allow us to offer best-in-class insurance coverage merchandise to CUB prospects, and take the client expertise to the subsequent stage. By leveraging know-how, we’ll guarantee digital, immediate and seamless insurance coverage expertise to the financial institution’s city in addition to rural prospects.”