Dhanalakshmi Bank to sell MetLife products

Thrissur: The city-based Dhanalakshmi Bank has entered into the field of distributing life insurance products under a tie-up with MetLife India, an affiliate of the Metropolitan Life Insurance Company of the US.

At a function to mark the launch of the bank into the distribution of insurance products at Thrissur, T M Venkataraman, the banks chairman, handed over the first application for the MetLife Policy to MetLife India managing director Venkitesh Mysore.

Initially the bank will be distributing a whole-life policy (Met 100), an endowment assurance policy (Met Shanti) and a money back assurance policy (Met Sukh), a press release said. While the bank will be marketing these products through the dedicated staff of the bank, steps are on to develop specific products with the Dhanalakshmi brand name, Venkataraman said. The association with Met Life India will help the bank in its objective to provide a wide range of financial products to its clients.