SBI General Insurance Signs Corporate
with Tamil Nadu Grama Bank
SBI General Insurance, one of the leading General
Insurance Companies in India and Tamil Nadu Grama Bank, one of the leading
Regional Rural Banks (RRB), signed a corporate agency agreement for the
distribution of retail products of SBI General Insurance Company, through its
extensive network in the state of Tamil Nadu.
Speaking on the occasion, Mr. PC. Kandpal, MD & CEO, SBI General Insurance said “Our alliance with Tamil Nadu Grama Bank is an important milestone in our journey to further strengthen our distribution of products and customers in the region. It is our constant endeavor to make our products more widely available for customers across all sections of the society. With this tie up we hope to further increase insurance penetration in the state of Tamil Nadu.”
He further adds, “The partnership will not only help improve penetration in urban areas but also Tier II and Tier III cities and also help increase awareness of personal lines of insurance.”
Mr. S. Selvaraj Chairman, Tamil Nadu Grama Bank, said, “We are delighted to partner with SBI General Insurance. This tie up will help us expand our bouquet of financial services offerings for our customers. We are constantly exploring opportunities to offer value added products to our customers and are of the firm belief that this will be a mutually beneficial relationship and will help our customers fulfill their non-life insurance needs. It brings us one step closer of becoming a one stop shop (point) of all financial needs of our customers.”
Under this strategic agreement, SBI General Insurance will offer comprehensive range of general insurance products. The agreement was signed in the presence of Mr. Amar Joshi – Chief Business Officer, Mr. S.P. Singh – Head Bancassurance Strategy & Partnership, Mr. Samir Chhabra – Head Bancassurance, Mr. Aviral Chandra – Head Institutional Alliances, Mr. Arun Bhatia – Head RRB – Bancassurance, Smt. P. Choodamani - Area Manager - Institutional Alliance from SBI General Insurance. Mr. S. Selvaraj, Chairman, Mr. S. Gulothungan GM and Mr. S.Damodaran, GM, Mr. V. Sivakumar, AGM and Mr. Sudarshan, CM, Mr. Sutherson - SM, from Tamil Nadu Grama Bank. There were other dignitaries from both organizations as well.