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Vijaya Bank to distribute LIC products

BANGALORE: Vijaya Bank and the Life Insurance Corporation of India (LIC) have signed a memorandum of understanding, which will facilitate the distribution of LIC's products through the bank's branches. LIC Managing Director, A..K. Dasgupta said LIC aimed to increase the share of premium income earned through the bankassurance channel from five per cent to 10 per cent in the next few years.

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