Gives room for deal Shriram General To offer a few business lines as well as a personal line of insurance products such as motor, personal accident, home and travel. For CUB, the pact provides an opportunity to offer non-life insurance products to its customers. Soon, the bank is ready to tie up with other insurance companies too, says CEO n kamakoti Told.
He said Shriram General CEO Anil Agarwal said the insurer is on a drive to cut the claim settlement time, which is 24 days from the date of the accident.
City Union Bank had a total business of Rs 88,846 crore at the end of March, taking the total assets of the bank to Rs 6550 crore, a release said. Sriram General’s assets stood at Rs 10,828 crore at the end of March this year, with over 41 lakh live policies.