Monday, December 16 14:48:12
KBC Bank Ireland has announced a partnership with Irish Life to provide a full suite of life insurance products to the Irish market.
The bancassurance partnership will see KBC provide a comprehensive range of life insurance products to its customers through Irish Life, including mortgage life insurance, term life insurance, life long insurance and income protection.
KBC already offers Over 50's Life Insurance and Simple Life Insurance and has launched a number of new retail banking products in recent months, including a new current account and home insurance product.
Discussing the new partnership, Dara Deering, Executive Director and Head of Retail Banking, KBC Bank Ireland said: "Irish Life is the leading provider of life insurance products in the Irish market and we are delighted to partner with them for our new product range. KBC Bank Ireland is focused on expanding our retail product offering to ensure we offer our customers a comprehensive range of competitive personal financial products".
"We've been developing our retail presence with the launch of new hubs in Dublin, Cork, Limerick and Galway and through attractive products which offer value, innovation and choice. Our expanded product range allows our customers the convenience of conducting their full banking requirements through KBC and we're seeing a positive response from consumers with our customer base increasing by over 25pc this year."
Gerry Hassett Managing Director of Irish Life Retail from Irish Life said: "We're delighted to be chosen as KBC's Bancassurance partner. We've been very impressed with KBC's investment and innovation, as they develop a truly customer-focussed business model. We're excited at their ambitious plans to grow the business."