CIC inks deal with Spire Bank to grow life insurance uptake

CIC Life Assurance PHOTO:COURTESY

CIC Life Assurance has entered into a new partnership with Spire Bank in a deal that will see the two firms combine forces to distribute co-branded life insurance products.

The pact involves CIC Life leveraging on its insurance strengths while Mwalimu Sacco majority-owned Spire Bank’s branch network will lend critical insights in distributing financial services.

Both firms have a combined membership of more than two million members.