Everest Bank, MetLife Nepal ink bancassurance dealApril 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.
- June 22
The agreement with Sathapana Bank was signed at a ceremony attended by the finance ministry and central bank.
- June 15
The two institutions have forged a bancassurance partnership, initially covering parts of Europe and Australia.
- June 7
The Indian insurer is planning to partner with a host of banks as it shifts from its traditional stance.
- May 3
Regulators have given the green light for the proposed bancassurance tie-up with Robinsons Bank.