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2010-12-18

UBI and MetLife to insure MSME customers

United Bank of India has joined hands with MetLife Insurance Co. Ltd for credit insurance coverage of its MSME customers. The MOU was signed and exchanged in the presence of Bhaskar Sen, CMD-UBI, Raje

United Bank of India has joined hands with MetLife Insurance Co. Ltd for credit insurance coverage of its MSME customers. The MOU was signed and exchanged in the presence of Bhaskar Sen, CMD-UBI, Rajesh Relan, Managing Director, Metlife, S.L. Ghosal, GM-UBI and other senior officials of United Bank and Metlife.

Commenting on the occasion, Bhaskar Sen, Chairman & Managing Director of United Bank of India said, “United Bank is very aggressive in lending MSME Sector, and at present its base in this particular sector is about `7,000 crores. He also mentioned that “United Bank is committed to offer a wider range of products to its customers and our Branches are already working as financial supermarket by catering to all the financial needs of our million customers”.

Rajesh Relan, Managing Director, MetLife India Insurance Company Limited mentioned that “We are delighted to be associated with a trusted brand like United Bank of India. MetLife India has a history of successful partnerships. We are confident of making this partnership with United Bank a great success. We are proud to have found a partner in United Bank - who shares our vision of growth through customized products and high quality service to customers.”

“Keeping in line with this, we are pleased to launch Met Flexi Shield, a product exclusively designed for United Bank to cover Term Loans and Bank overdrafts for its MSME customers. This Life Insurance plan will add value to the bank customers because it will help them take loans with the safety net of Life Insurance,” he further said.

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