Everest Bank, MetLife Nepal ink bancassurance deal

April 29 2016 by InsuranceAsia News Staff

Nepal’s Everest Bank (EBL) has signed a bancassurance deal with MetLife Nepal in one of the few bancassurance deals in the country.

The partnership between the organisations will allow the bank’s customers to purchase different insurance products of MetLife from all of EBL’s branches.

The bank currently has a domestic network of 61 branches, five extension counters, 24 revenue collection counters and 84 ATMs.

The deal was signed by EBL CEO AK Ahluwalia and MetLife Nepal CEO Ala Uddin Ahmad on Wednesday.

The financial details have not yet been disclosed. MetLife has been operating in Nepal since 2001.

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