SBI Life Insurance and YES BANK announce Bancassurance

 SBI Life Insurance and YES BANK announce Bancassurance tie-up to make holistic insurance solutions accessible to the Bank’s customers

 

SBI Life Insurance, one of the most trusted private life insurers in the country and YES BANK, today signed a Bancassurance agreement to offer a comprehensive bouquet of life insurance solutions to the Bank’s customers across the country.

 

The agreement was signed by Mr. Rajan Pental, Global Head - Retail Banking, YES BANK and Mr. AVS Sivaramakrishna, Regional Director-Mumbai region, SBI Life Insurance, in the presence of Mr. Mahesh Kumar Sharma, MD & CEO, SBI Life, Mr. Sanjiv Roy, Business Head – Third Party Distribution, YES BANK, Mr. Abhijit Gulanikar, President - Business Strategy, SBI Life, Mr. Ravi Krishnamurthy, President-Zone 1, SBI Life and other respected dignitaries.

 

As part of the partnership, SBI Life’s diverse range of individual and group insurance solutions will be offered to the customers of YES BANK through the Bank’s branches spread across 28 states and 8 Union Territories in India. SBI Life’s extensive product portfolio coupled with the Bank’s digital capabilities and widespread presence will ensure easy accessibility of life insurance to the customers.

 

Commenting on the tie-up, Mr. Ravi Krishnamurthy, President Zone I, SBI Life Insurance said, “At SBI Life, we are constantly looking at developing eco-systems that enable us to amplify our reach and allow us to offer holistic insurance solutions to a wider populace across the country. With this partnership with YES BANK, we aim to provide financial security for consumers and further reduce the protection gap in India. We are extremely delighted to embark on this journey together and look forward to the alliance for opening up new avenues of growth. Mr. Krishnamurthy further added, “We have been relentlessly moving towards strengthening our distribution channels by establishing strategic associations with banks, corporate agents, brokers, insurance marketing firms etc and will continue to make every effort in making insurance easily accessible to all.”

 

Speaking on the occasion, Rajan Pental, Global Head – Retail Banking, YES BANK said, “YES BANK is pleased to partner SBI Life Insurance to provide life insurance solutions to our customers. This partnership is a great opportunity for us to deepen our customer connects, empowering them to stay in control while fulfilling their evolving insurance needs.  The combined synergies of SBI Life’s innovative product suite, industry expertise and YES BANK’s strong customer connect, will immensely benefit the customers.”

ICICI Lombard announces

ICICI Lombard announces Bancassurance tie-up with YES BANK

ICICI Lombard General Insurance, India's leading private sector non-life insurance company, has entered into a Bancassurance tie-up with YES BANK. The partnership will provide the Bank’s diverse customer base access to the insurer’s portfolio and make insurance more accessible to its customers across India.

Through this tie-up, ICICI Lombard aims to offer innovative insurance solutions to YES BANK’s customers across 28 states and 8 Union Territories. With both organizations believing in offering the best to the customers through innovation, this partnership would offer customers the best of both worlds.

On the partnership Sanjeev Mantri, Executive Director, ICICI Lombard said, “At ICICI Lombard, it is our continuous endeavor to reach out to consumers and businesses to provide them effective risk management solutions. We are delighted to partner with YES BANK and serve their esteemed customers across the country. Given the progressive and technology-oriented approach of both partners, this collaboration is an ideal synergy between the two brands and value adding to YES BANK customers”

Rajan Pental, Global Head – Retail Banking, YES BANK, said, “YES BANK is pleased to enter into a Bancassurance tie-up with ICICI Lombard – we believe that our customers will derive greater value from comprehensive insurance solutions offered. We are confident that the Bank’s technology and branch network strength, combined with the innovative product offerings and market reputation of ICICI Lombard will support our customers fulfill their non-life insurance needs. The tie-up is an important milestone and we remain committed to creating a differentiated customer experience.” 

Star Health and Allied Insurance announces

Star Health and Allied Insurance announces Bancassurance tie-up with Karur Vysya Bank to provide Health Insurance to customer

~KVB will make available health insurance products of Star Health across all its branches~

Health is a concern across the world, now particularly so with the COVID – 19 pandemic playing havoc with millions of lives globally. Star Health and Allied Insurance, the leading standalone health insurance company in India, has entered into a strategic partnership with Karur Vysya Bank to offer innovative health insurance solutions to the Bank’s Customers.

Through this tie up, all Customers of Karur Vysya Bank will have access not only to digitally purchase appropriate Health Insurance Plans of Star Health and Allied Insurance but also access all the value added services such as “STAR WELLNESS” and Tele Health Consultation through “TALK TO STAR”.

Customers of the Bank can also purchase through the IRDAI certified and trained Specified Persons appointed by the Bank across its entire Branch network in the Country.

Speaking of the tie up, Anand Roy, Managing Director, Star Health and Allied Insurance Co. Ltd said “The Covid 19 pandemic has brought to the fore the need for a health insurance cover for all. We are happy to tie up with Karur Vysya Bank and offer a wide variety of need based health insurance policies for the bank’s customers.”

Mr. J. Natarajan, President & Chief Officiating Officer, Karur Vysya Bank said, “Karur Vysya Bank is happy to partner with Star Health & Allied Insurance.  As the first standalone health insurance company in India, they bring a lot of value with their products.  We are sure that they will provide both cost effective insurance products and quick settlement of claims to our customers.”

Star Health and Allied Insurance Email ID: suryakanth.s@starhealth.in Mobile No: 9789044995