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Published On: July 6, 2016 09:20 PM NPT By: Republica

Lumbini Bank, Sagarmatha sign 'bancassurance' agreement

KATHMANDU, July 6: Lumbini Bank Limited (LBL) and Sagarmatha Insurance Company Ltd (SICL) have signed an agreement to commence 'bancassurance' service.

Issuing a statement, the bank said that Ritesh Lamichhane, Head of Marketing of LBL, and Chunky Chhetry, Acting CEO of SICL, signed an agreement on Tuesday to facilitate the non-life insurance requirement of the bank's customers.

"With this arrangement, the bank's existing and potential customers can now have quick and hassle-free access to non-life insurance products from the bank's branches spread across the country," the statement added.

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