United signs bancassurance with RBB and NAB

Kathmandu, July 29: Rastriya Banijjya Bank Limited (RBBL) and NIC Asia Bank Limited (NABL) will sell the insurance products of United Insurance Company (Nepal) Limited (UIC-Nepal) from their branches across the country.

UIC Nepal on Sunday signed the bancassurance agreements with both the banks.

In separate events, UIC Nepal’s Acting Chief Executive Officer (CEO) Ramesh Kumar Bhattarai and RBBL’s CEO Kiran Kumar Shrestha, and NABL’s Acting CEO Roshan Kumar Neupane signed the agreements.

Both the banks will sell the UIC Nepal’s insurance policies covering the collateral and other properties while the insurance company will evaluate the collateral and properties of the customers.

The agreements will benefit both the parties, said Bhattarai.

Published in The Rising Nepal daily on 30 July 2018.