DOHA - Doha Bank has announced the launch of a strategic bancassurance alliance with Life Insurance Corporation (LIC) - International, Bahrain to market a range of insurance, retirement and investment products in Qatar, the region as well as the global market. These products will be available for all residents irrespective of their nationalities.
LIC (International) BSC is a subsidiary of LIC of India, a corporation established through an act of the Government of India and operates in all GCC states. At a function held at the head office of Doha Bank CEO R Seetharaman and CEO & Managing Director of LIC (International) S Roy Chowdhury signed the MOU to market and distributes LIC (Intl) products in Qatar.
Launching the landmark alliance with LIC (International), Seetharaman said that the tie-up will bring in huge value addition that would benefit customers. He also highlighted the commitment of Doha Bank in bringing exceptional products to its customers and added that existing Doha Bank customers as well as non-customers can avail of these products through Doha Bank.
AV Narayanan, Head of Bancassurance of Doha Bank said that the LIC (Intl) product range is extremely attractive and flexible and would suit the budget of everyone. He further pointed out that the best features of these products are its portability, which is available to Indian residents when they return to their home country.
© The Peninsula 2008
