Union Bank To Offer Insurance Products After Merger With Andhra Bank And Corporation Bank

Money & Banking

Our Bureau,

Mumbai | Updated on

July 03, 2020

Published on

July 03, 2020

Following the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India (UBI) with effect from April 1, the 9,500-plus branches of UBI will offer insurance products of three life insurers, four non-life insurers and two standalone health insurers.

The branches of UBI will offer life insurance products of SUD Life Insurance Company, India First Life Insurance Company and Life Insurance Corporation of India; and non-life insurance products of Bajaj Allianz General Insurance Company, New India Assurance Company, Chola MS General Insurance Company, and United India Insurance.

Further, they will offer health insurance products of Religare Health Insurance and Manipal Cigna Health Insurance, the public sector bank said in a statement.

The continuation of the corporate agency tie-ups will facilitate uninterrupted post sales services to the policy holder customers of erstwhile Andhra Bank and Corporation Bank, it added.

Thank you for being a loyal user of Portfolio.

Portfolio will be a paid section hereon.

Please Subscribe to get access to one of our early bird packs. Or click on Free Trial to get 14 days free trial.

What You'll Get

• Web + Mobile

  Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.

---

• Exclusive Portfolio and Investment Advice, Banking, Lifestyle and Specials

  Get diverse set of perspectives from our trusted experts on Portfolio, Banking, Economy, Environment and others.

---

• Ad free experience

  Experience cleaner site with zero ads and faster load times.

---

• Personalised dashboard

  Customize your preference and get a personalized recommendation of stories based on your interest.

Published on July 03, 2020