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Indian Overseas Bank in product distribution deal with Sompo

Public sector lender Indian Overseas Bank (IOB) today signed an agreement with Universal Sompo General Insurance Company of Japan for distributing products of the non-life insurer, the Business Standard has reported.

"This venture is going to increase the penetration of insurance products among the bank's customers across the country," Universal Sompo General Insurance (USGICL) Executive Chairman Omkar Nath Singh

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