Bancassurance Agreement between NIC Asia Bank and Prime Life Insurance

August 21: NIC Asia Bank and Prime Life Insurance have signed an agreement to provide bancassurance service to their customers. The agreement was signed between the bank’s Acting CEO Roshan Kumar Neupane and the insurance company’s CEO Manoj Kumar Bhattarai amid a function on Monday, August 20.

Following the agreement, the bank’s customers can benefit from all kinds of life insurance service provided by Prime Life Insurance through any branch of the bank.

The bank at present has 237 branches, 230 ATM counters, 14 extension counters and 17 branchless banking units. According to the bank, it has a credit portfolio of Rs 120 billion credit and a deposit portfolio of Rs 149 billion as of mid-July, 2018.