SBI Life Insurance entered a corporate agency tie-up with Karur Vysya Bank (KVB) headquartered in Karur, Tamil Nadu. The objective behind the strategic partnership is to make comprehensive insurance solutions & services of SBI Life Insurance easily accessible to bank customers across bank branches in India.
The agreement was signed by Santhoshkumar – Head Third Party Product, KVB, and Ganesh, Regional Director – Andhra Pradesh, SBI Life Insurance in presence of Abhijit Gulanikar, President-Business Strategy, SBI Life Insurance; Sweetie Shetty, EVP & Chief of Institutional Alliances (Acquisitions) & CSG, SBI Life Insurance; Anurag Misra, Senior Vice President – Institutional Alliances, SBI Life Insurance; Swati Singh, Associate Vice President – Institutional Alliances, SBI Life Insurance, and other respected dignitaries.
With more than 799 Karur Vysya Bank branches across the country, the corporate agency tie-up will offer insurance solutions to Karur Vysya Bank’s customers. Through this tie-up SBI Life aims to address customer’s rising needs for protection, savings, pension, credit life, and health solutions among others through its diverse range of insurance solutions, thereby ensuring greater reach and penetration.
This collaboration will not only provide financial protection to Karur Vysya Bank’s customers but also allow them to leverage SBI Life’s value-added services which are digitally enhanced for customer convenience.
Mahesh Kumar Sharma, MD & CEO, SBI Life Insurance said, “Partnership alliances provide a boost to the insurance sector by making holistic insurance solutions accessible to the larger populace across the country.”
Ramesh Babu, MD & CEO of Karur Vysya Bank said, “In an attempt to offer a wider choice to its customers in the life insurance sphere, KVB has today inked an agreement with SBI Life Insurance.”
