CIMB Bank Thai (CIMBT) has agreed a
ten-year bancassurance deal with Thai Life Insurance to offer
insurance policies via the bank’s multi-channel banking
services.
CIMBT will offer Thai Life Insurance’s
services and policies in the bank’s branches, ATMs, online banking
and mobile banking channels.
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The deal is an opportunity for CIMBT, a
subsidiary of CIMB Group, to expand its bancassurance business, the
bank said.
CIMBT said it is targeting income from the
bancassurance business to contribute 20% to the bank’s fee income
in 2011.
On a separate topic, the bank announced that it will roll out
credit cards that feature a full-range of financial offerings.
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