KCB Bank and its subsidiary National Bank of Kenya (NBK) have inked an insurance distribution deal with Sanlam Life Insurance to dispense life cover products underwritten by the latter following the expiry of a five-year contract between the lenders and Liberty Insurance.
The partnership, to be effected through KCB Bancassurance Intermediary Limited and National Bank Bancassurance Intermediary Limited, is expected to deepen the uptake of Sanlam’s products countrywide through the use of the banks’ combined 300 branches.
