Canara Bank has entered into memorandum of understanding (MoU) with United India Insurance for cross promotion of each other’s products. Canara Bank, according to partnership agreement, has created retail loan package exclusively for the employees of United India Insurance.
Further, the insurance firm will use the bank’s network to provide micro insurance products to the rural population of India.
Both the firms have jointly launched three personal insurance products created by United India for Canara Bank customers to cover their financed and non-financed assets with the twin advantage of low premium and online sale and delivery of policy.
