AIA Group Ltd. (1299.HK) said Thursday it has tied up with Bangkok Bank PCL (BBL.TH) to sell its insurance products in Thailand.
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Bangkok Bank, Thailand's biggest lender by assets, will exclusively sell AIA's insurance products for 15 years, the Hong Kong-listed insurance firm said. The deal, however, excludes some endowment savings and credit-life products, the statement said.
The partnership will start in the first half of next year. The AIA statement didn't disclose the financial terms of the deal.
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(END) Dow Jones Newswires
October 12, 2017 07:09 ET (11:09 GMT)