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Wednesday, Dec 10, 2003

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BoI to sell insurance

Our Bureau

VISAKHAPATNAM: Bank of India has tied up with insurers for Bankassurance products - both life insurance and general insurance.Mr J.R.V. Prasad, Zonal Manager, who launched some of the products here on Tuesday, said the bank had tied up with ICICI Prudential Life Insurance Company and National Insurance Company for the purpose.

The products would be sold through the 43 branches in the Visakhapatnam zone, covering seven coastal districts from Srikakulam to Guntur.

Mr P. Vijaya Kumar, Divisional Manager of the National Insurance Company, said the Bankassurance products would be of great help to both banks and insurance companies. The customers would also be greatly benefited.

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