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Excelsior Correspondent
JAMMU, Sept 15: J&K Grameen Bank and Life Insurance Corporation of India (LIC) have further strengthened the existing relationship with the signing of a fresh Memorandum of Understanding (MoU) at J&K Grameen Bank Head Office Narwal, here today.
The MoU was signed for selling and servicing of life insurance products for a further period of three years. The relationship between JKGB and LIC of India dates back to the year 2016 and since then has grown stronger with each passing year. Both the partners further renewed their commitments to take this relationship to the newer heights.
The MoU was signed in the presence of Sanjay Gupta, Chairman J&K Grameen Bank, who while speaking on the occasion highlighted that tie-up with LIC has benefitted the Bank as well as its customers immensely. He applauded that from this step the masses of J&K and Ladakh will be able to get life insurance products from the biggest life insurance company of India.
Dinesh Tanania, SDM LIC, Srinagar division joined by R K Verma (MM) said that Life Insurance is a social obligation under which the company will continue to provide life insurance products at affordable cost to the clients of JKGB and will use the intensive branch network of the Bank to penetrate in the remotest areas of J&K and Ladakh.
Suresh Chander Sharma, General Manager, JKGB highlighted that the partnership has grown up with every passing year and has been fruitful for the clientele of the Bank.
Sunil Choudhary, HoD Financial Inclusion and Insurance Department extended the vote of thanks.
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