Bancassurance is an arrangement between a bank and an insurance company, through which the insurer can sell its products to the bank's customers using the bank’s distribution network. Bancassurance can effectively address risks by reducing credit risk and offering insurance coverage against customers' potential death or disabilities. When implemented with the right mindset and operational effectiveness, Bancassurance can benefit banks, insurers, and customers alike.

Life Insurance

City Bank PLC signed the Bancassurance Agreement with Guardian Life Insurance Limited. From now on, City Bank customers can purchase life insurance policies of Guardian Life Limited from City Bank Branches.

Purchase Life Insurance and avail 15% Tax Rebate