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SBI Life Insurance inks pact with Yes Bank to sell

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SBI Life Insurance coverage on Monday mentioned it has signed bancassurance settlement with Sure Financial institution to supply a complete bouquet of life insurance coverage options to the financial institution’s prospects throughout the nation.

As a part of the partnership, SBI Life’s numerous vary of particular person and group insurance coverage options will probably be provided to the shoppers of Sure Financial institution by the financial institution’s branches unfold throughout 28 states and eight Union Territories in India.

SBI Life’s intensive product portfolio coupled with the financial institution’s digital capabilities and widespread presence will guarantee straightforward accessibility of life insurance coverage to the shoppers.

The settlement was signed by Rajan Pental, International Head – Retail Banking, Sure Financial institution and AVS Sivaramakrishna, Regional Director-Mumbai area, SBI Life Insurance coverage, within the presence of Mahesh Kumar Sharma, MD & CEO, SBI Life and Ravi Krishnamurthy, President-Zone 1, SBI Life, amongst others.

“With this partnership with Sure Financial institution, we goal to supply monetary safety for shoppers and additional cut back the safety hole in India. We’re extraordinarily delighted to embark on this journey collectively and sit up for the alliance for opening up new avenues of progress,” Krishnamurthy mentioned.

He mentioned the life insurer is relentlessly shifting in direction of strengthening its distribution channels by establishing strategic associations with banks, company brokers, brokers, insurance coverage advertising companies and so on and can proceed to make each effort in making insurance coverage simply accessible to all.

“This partnership is a superb alternative for us to deepen our buyer connects, empowering them to remain in management whereas fulfilling their evolving insurance coverage wants. The mixed synergies of SBI Life’s revolutionary product suite, trade experience and Sure Financial institution’s sturdy buyer join, will immensely profit the shoppers,” Pental mentioned.

First Revealed on Sep 21, 2020 04:53 pm

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