Bahrain-based life insurance firm LIC International has awarded its bancassurance partner UAE-based FGB (formerly known as First Gulf Bank) for achieving record sales of one billion dirhams as first premium income.

LIC International is a subsidiary of LIC Of India, whose chairman S K Roy and managing director V K Sharma were present during the insurer’s 90th board meeting at the Moevenpick Hotel in Muharraq where the award was given, said a report in the Gulf Daily News (GDN), our sister publication.

FGB executive vice-president and head of personal banking Girish Advani and vice-president as well as head of non-lending products Amol A Shah received the honour from Mr Roy and Mr Sharma, who is also chairman of LIC International, accompanied by the company’s chief executive and managing director Rajesh Kandwal and general manager Partha Samal. - TradeArabia News Service