SBI Life signs pact with Indian Bank

SBI Life Insurance and Indian Bank have entered into a bancassurance pact to offer holistic financial planning solutions to the latter’s customers. Over 2,800 branches of Indian Bank will offer insurance products due to this partnership. SBI Life will work closely with Indian Bank to ensure sales training, product support and smooth operational processes in order to offer life insurance policies to its customers. Indian Bank’s customers will have access to a wide range of life insurance products from SBI Life catering to varied life stage needs of the customer. Padmaja Chunduru, MD & CEO, Indian Bank said, “This tie-up with a reputed player will add to the bouquet of products to the valued customers of the Bank”. Sanjeev Nautiyal, MD & CEO, SBI Life Insurance said, “We are excited and thrilled, in equal measure, to partner with Indian Bank that enjoys a rich history in serving customers over a long period of time. The tie-up, besides bolstering SBI Life’s presence, will also help provide more holistic financial planning solution to the bank’s customers. We are confident that the partnership will further empower us in making insurance reachable to more consumers across the county.”