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Allahabad Bank, LIC sign MoU to enter micro insurance sector

India Infoline News Service | Mumbai |

As a beginner, Allahabad Bank would be selling three micro insurance products of LIC

Allahabad Bank has signed a memorandum of understanding with Life Insurance Corporation of India (LIC) to enter the micro insurance sector.

The public sector bank will now be selling micro insurance products through its vast network of business correspondent agents (BCAs) deployed all over the country.

As a beginner, Allahabad Bank would be selling three micro insurance products of LIC—Jeevan Madhur, Jeevan Mangal and Jeevan Deep.
 

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