Karnataka Bank has entered into an MoU with LIC for selling life insurance products.
The bank signed the corporate agency agreement with LIC in Mangaluru on 22 May.
The bank will be able to provide vast choice of life insurance products to its customers across all its 769 branches with this MoU.
LIC and Karnataka Bank are two great household names and both are time tested entities.
This tie-up will provide an opportunity to provide more effective life insurance solutions to the customers.
LIC will strive hard to create customized insurance solutions for the customers of Karnataka Bank, and is committed for reaching a new benchmark in claim settlement process, he said.
