UCO Bank will sell general insurance policies of Future Generali India Insurance Company Ltd (FGII) across its 3,050 branches.
In a corporate agency tie-up between FGII and state-owned UCO Bank, customers can buy health, motor, travel, home as well as rural insurance products from bank branches.
The tie-up agreement was exchanged between FGII MD&CEO K G Krishnamoorthy Rao and UCO Bank MD&CEO Ravi Krishan Takkar today.
"Bancassurnace is a key medium to reach out to the masses. We aim to offer insurance products to bank's customers and enter new markets," Krishnamoorthy said.
He said the tie-up with Kolkata-headquartered public sector bank will help it widen customer outreach in eastern India.
"Through this association, we expect to cover 26 million customers of the bank and abide by our aim of offering the best products to the customers," Anurag Sinha, Senior Vice President, Bancassurance and Zonal Manager-West, FGII said.
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Haryana invites applications for good governace programme * The Haryana Government has invited applications for the second batch of its good governance programme starting June 15, wherein associates from across the country would be selected to work closely with the government.
The government in collaboration with the Ashoka University aims at introducing youth to the intricacies of governance and administration through its Chief Minister's Good Governance Associates (CMGGA) programme.
The university would facilitate the process of training, recruitment and mentoring, among others.
The programme was started last year and the associates work with the Deputy Commissioners and other district officials to expedite various government schemes and bring transformational changes within their districts.