Insurance     25-Aug-23
LIC ties up with Saraswat Cooperative Bank for bancassurance partnership

Life Insurance Corporation (LIC) has tied up with Saraswat Cooperative Bank, a scheduled bank headquartered in Mumbai, for bancassurance partnership to distribute its products.

The partnership is part of efforts to increase penetration of life insurance through the bancassurance channel, LIC said.

“The largest urban cooperative bank in the country, Saraswat Cooperative Bank, with a network comprising 294 branches across six States, caters to more than two million customers”, the State-owned life insurer LIC said in a release on Friday.

LIC said it has insurance products for all segments of society, from annuity, ULIP, term insurance to savings plans.

Its close ended guaranteed benefit plan Dhan Vriddhi, for the age 90 days to 60 years is available till September 30.
Previous News
  Indices rally for 3rd day; auto shares jump
 ( Market Commentary - Quick Review 14-Jun-24   15:46 )
  Sensex up 142 pts; VIX slides 5.50%; European mkt decline
 ( Market Commentary - Mid-Session 14-Jun-24   13:39 )
  LIC raises stake in Dr Reddy's Lab
 ( Hot Pursuit - 14-Jun-24   11:59 )
  LIC hikes stake in Dr Reddy's
 ( Corporate News - 13-Jun-24   20:38 )
  Life insurers’ new premium income up 15.15% at Rs 27,034 crore in May
 ( Insurance - 11-Jun-24   10:30 )
  Life Insurance Corporation of India schedules AGM
 ( Corporate News - 28-May-24   10:46 )
  Board of Life Insurance Corporation of India recommends final dividend
 ( Corporate News - 28-May-24   10:46 )
  LIC Q4 PAT rises 2% YoY to Rs 13,763 cr; declares dividend of Rs 6/ share
 ( Hot Pursuit - 28-May-24   10:06 )
  Stock alert: LIC, HPCL, Adani Energy, NMDC, NALCO
 ( Market Commentary - Stock Alert 28-May-24   08:45 )
  Life Insurance Corporation of India consolidated net profit rises 4.48% in the March 2024 quarter
 ( Results - Announcements 28-May-24   07:40 )
  Life Insurance Corporation of India standalone net profit rises 2.49% in the March 2024 quarter
 ( Results - Announcements 28-May-24   07:39 )
Other Stories
  Bharti AXA Life Appoints Akhil Gupta As New Chairman
  20-Jun-24   09:56
  IRDAI directs life insurers with set of mandatory reforms to facilitate against policies
  14-Jun-24   18:05
  Life insurers’ new premium income up 15.15% at Rs 27,034 crore in May
  11-Jun-24   10:30
  PNB MetLife Insurance appoints Sameer Bansal as new MD & CEO
  06-Jun-24   14:42
  Edelweiss Tokio Life Insurance rebranded as Edelweiss Life Insurance
  03-Jun-24   15:52
  IRDAI approves appointment of Sandeep Batra as ICICI Prudential Chairman
  30-May-24   18:50
  Shriram Life Posts PAT at Rs 158 crore, New Business Premium rose 62% in FY24
  24-May-24   11:59
  Mahindra Finance obtains Corporate Agency License from IRDAI to distribute insurance products
  23-May-24   10:05
  HDFC Life declares bonus worth Rs 3722 crore to policyholders
  15-May-24   18:29
  IndiaFirst Life appoints Rushabh Gandhi as its new MD & CEO
  15-May-24   10:58
Back Top