CAL Bank, Prudential Life Insurance sign pact
Cal bank has signed a memorandum of understanding with Prudential Life Insurance to enable the bank to sell the company’s insurance products in the bank’s branches across the country.
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It is the first step giving customers of the bank a range of products to meet their aspirations.
The Executive Director of CAL Bank, Mr Philip Owiredu, said per the agreement, Prudential Life would leverage the bank’s spread within the country, and added: “The bank has a total number of 25 branches across the country with the intention of opening more to bring banking services to the doorstep of the people.”
He said the bank had drawn up a programme to equip its sales executives with more skills, particularly at a time when the services and products being provided by the bank had increased.
Electronic banking
Mr Owiredu said CAL bank would also make its electronic channels available as an option for promotion of the insurance products and also facilitate the payment of premiums.
He assured management of Prudential Life of the bank’s resolve to ensure the success of that collaboration.
The Chief Executive Officer of Prudential Africa, Mr Matt Lilley, said the company chose CAL Bank because of its highly qualified personnel and the commitment they had exhibited in the banking sector.
He urged business owners and individuals to take insurance very seriously as it was the sure way to protect themselves and their families.
“Insuring your life and wealth is a safe way of making life meaningful for your children,” he said.