United India Insurance inks pact with Tamilnad Mercantile Bank

United India Insurance inks pact with Tamilnad Mercantile BankUnited India Insurance company, leading player in the insurance sector in India, and Tamilnad Mercantile Bank Ltd have entered into an agreement to act as 'Bancassurance partners'.

Under the deal, the lender will market products of the insurance company through its 215 branches nationwide.

The agreement was signed in Chennai on yesterday between TMB Managing Director Nagammal Reddy and United India insurance General Manager K Sanath Kumar.

United India insurance company Ltd has a nationwide network of 1,400 branches and 17,000 employees.