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With private life insurers recovering well from the pandemic and seeing positive growth in annual premium equivalent or APE since September 2020, the brokerage is positive on the sector.
AU Small Finance Bank (AU Bank) aims to deliver paperless life insurance solutions to its more than 18 lakh customers through digital platform with ICICI Prudential Life Insurance.
Shares of AU Bank rose 0.50% to Rs 860.25 while ICICI Prudential Life Insurance Company fell 0.93% to Rs 496.20.
Over 700 banking touch points of AU Bank across 13 states and 2 union territories will receive the entire suite of customer-centric protection and long-term savings products of ICICI Prudential Life for retirement and critical illness. AU Bank s strong presence in urban, unserved, and remote regions will strengthen distribution network of ICICI Prudential Life Insurance. The announcement was made after market hours yesterday, 28 December 2020.
KB considered most stable financial firm despite dividend uncertainty
Posted : 2020-12-28 16:42
Updated : 2020-12-28 19:22
KB Financial Group Chairman Yoon Jong-kyoo speaks during a shareholders meeting at its headquarters on Yeouido in Seoul on Nov. 20. Yonhap
By Lee Min-hyung
With financial authorities pressing banks to reduce this year s dividends, local financial stocks have failed to make any astonishing year-end rebounds even the day before the dividends date scheduled on Tuesday.
In Korea, banks share prices have been stuck in a box pattern for the past decade.
Even if the benchmark KOSPI is setting a new record high amid its unceasing rally after the pandemic-induced crash in March, major bank shares have remained in the doldrums. Typically, their price surges around December amid investors hopes for relatively high dividends from bank shares.
AU Small Finance Bank ties up with ICICI Prudential Life to offer life insurance solutions
Through the corporate agency arrangement, over 18 lakh customers of AU Bank across over 700 banking touchpoints in 13 states and 2 Union territories, will have an easy access to the entire suite of customer-centric protection and long-term savings products of ICICI Prudential Life.
AU Small Finance Bank. (PC- Facebook)
AU Small Finance Bank (AU Bank) on December 28 announced its partnership with country s leading private life insurance company ICICI Prudential Life Insurance to offer need and goal-based life insurance solutions.
Through the corporate agency arrangement, over 18 lakh customers of AU Bank across over 700 banking touchpoints in 13 states and 2 Union territories, will have an easy access to the entire suite of customer-centric protection and long-term savings products of ICICI Prudential Life. AU Bank even claimed that these products will enable customers to provide financial