LIC, BBK sign NRI policies accord
Manama, June 23, 2011
Bahrain-based Life Insurance Corporation (International) has signed an agreement with BBK NRI Business to distribute its policies exclusive to its non-resident Indian (NRI) clientele.
NRI customers will now be able to subscribe to dollar-denominated policies of LIC (International) from BBK NRI Business situated in Manama.
The signing ceremony was held at the BBK head office in Manama in the presence of LIC (International) chief executive officer and managing director R Thamodharan, general manager L K Shamsunde, marketing manager T Thomas and BBK assistant general manager and head of international banking division Ashish Sarkar and head of NRI business Mudit Mathur.
The tie-up will provide yet another investment opportunity for BBK NRI customers who look for insurance, pension and education plan from India's leading insurance company.
"BBK is one of the leading retail banks in the kingdom and we have a strong base of NRI clients in Bahrain," said Sarkar. "With this tie-up, we will now facilitate our clients with their insurance-related needs. Our commitment at BBK NRI business remains, to serve the Indian community through our own branches via such alliances with the best-in-the-industry partners.
"Our endeavour is to offer a wide range of quality products and services to our clients to cater to their growing needs with the BBK quality of service," he added.
"LIC (International) is committed to offering best products and services to its customers and the tie-up with BBK NRI Business will strengthen its efforts towards this end," said Thamodharan.
"We hope for a long and fruitful relationship with BBK NRI Business and its customers," he added. – TradeArabia News Service