South Indian Bank, ING Life tie-up on premium payments

February 25th, 2009 - 6:39 pm ICT by IANS  

Kochi, Feb 25 (IANS) The South Indian Bank, one of the oldest banks in south India, will collect insurance policy renewal payments on behalf of ING Life, part of the ING Group, it was announced Wednesday.
Customers of ING Life can now pay their policy renewal premium at any of the 530 South Indian Bank branches spread across the country.

The service was jointly announced by South Indian Bank executive director M. Valsan and ING Life chief operating officer B. Ashwin.

“Our customers will now find it convenient to pay their renewal premiums. It is the first service tie-up in Kerala, which is a very important market for us,” said Ashwin.

Valsan said all branches of his bank offered core banking services.

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