LICI inks MoU with UBI

The United Bank of India (UBI) has inked a memorandum of understanding with the Life Insurance Corporation of India (LICI) for a banc assurance tie-up. This means that UBI will act as a channel partner to sell various LIC products through its bank branches. UBI is the 10th public sector bank with which LICI has signed a MoU for distribution of its products. According to a release issued by UBI, the MoU was signed by Susheel Kumar, Executive Director, LICI and Sunanda Basu, General Manager, UBI. Our Bureau