Banking News
- Standard Chartered launches new product
Date: 17-Aug-2007 Sources: (Shenzhen Daily)
STANDARD Chartered has become the latest foreign bank to offer insurance products in China.
Standard Chartered announced the launch of bancassurance (banca) business in Shenzhen on Wednesday. The first batch of Banca products includes Annuity Endowment and Whole Life Investment-Linked insurance plans, according to the bank. Christine Ip, country head of consumer banking of Standard Chartered Bank (China) Ltd., said Bancassurance would become 'an important element for our growth in China.'Earlier this month, Citibank also launched a bancassurance product in Shenzhen.
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