NIC ASIA Bank announces tie up with Shikhar Insurance

NIC Asia Bank has announced a business tie up with Shikhar Insurance for promotion of a new non-life product. A MoU to this effect has been signed by Laxman Risal, CEO of NIC ASIA Bank and Dip Prakash Pandey, CEO of Shikhar Insurance on 21 July. "This agreement has been made with an aim to provide Non Life Insurance product named "Health Insurance & Secure Mind” through banking channel for existing and new customers of the bank,” says the Bank in its press release. Meanwhile, NIC ASIA has published its unaudited financials for the fourth quarter with record increase of profit by 57 percent for the last fiscal year. The Bank has been providing services to customers from its 67 branches and 69 ATMs spread in different parts of the country.