AIA/ICBC Shanghai branches sign cooperative agreement

SHANGHAI (AFX-ASIA) - American International Assurance Co Ltd's Shanghai branch has signed a cooperative agreement with the local branch of the Industrial and Commercial Bank of China, the Shanghai Daily reported. Under the deal, the bank will sell AIA's insurance policies at its outlets in the city, while AIA will offer special policies to cover ICBC's lending products such as education and travel loans, the report said.

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