WBSCB LTD. has entered into a insurance tie-up with LIC, a Govt. of India Enterprise. Mr. A Bandopadhyay, Chairman of The West Bengal State Cooperative Bank Ltd. and  Chairman & Managing Director of LIC signed an Agreement .

The concept of ‘Bancassurance’ i.e. banks marketing insurance products has gained prominence among banks in India. Insurance Companies are actively involving banks in the marketing of their products.

The Bank has taken various steps in the recent past to augment fee based income which included Bancassurance tie up with National Insurance Corporation Ltd and LIC .