Sunday, Dec 8 2024 | Time 17:12 Hrs(IST)
image
Business EconomyPosted at: May 23 2024 3:47PM


SBI General Insurance and Jana Small Finance Bank forge Bancassurance partnership

Kolkata, May 23 (UNI) SBI General Insurance has entered into a strategic bancassurance partnership agreement with Jana Small Finance Bank to facilitate the distribution of non-life insurance products.

Under this strategic partnership, SBI General Insurance will offer a diverse range of general insurance products to Jana Small Finance Bank's customers, according to a media statement here on Thursday.
These products will encompass a wide spectrum of insurance solutions, including health, personal accident, home, motor, and travel insurance.
Additionally, the partnership will extend to the provision of commercial line insurance products, such as property, marine, and engineering insurance, catering to the diverse needs of businesses and enterprises.

This strategic alliance underscores SBI General Insurance's commitment to enhancing its distribution network, improving customer accessibility and achieving new milestones in the insurance sector. By leveraging Jana Small Finance Bank’s extensive customer base through its wide spread branch networks across 24 states and Union Territories, SBI General Insurance aims to strengthen its market presence and serve a broader segment of the population with tailored insurance solutions.

Kishore Kumar Poludasu, MD & CEO, SBI General Insurance, said, "We are delighted to announce our partnership with Jana Small Finance Bank, a pivotal step forward in our mission to offer comprehensive insurance solutions to customers across India and contribute to increasing insurance penetration nationwide. The combination of our user-friendly products along with Jana Small Finance Bank's offerings will empower customers to accomplish their financial objectives."

Ajay Kanwal, MD & CEO, Jana Small Finance Bank, said, “We, at Jana Small Finance Bank, are committed to become anchor bank to our customers and offer them varied financial products and solutions. Our partnership with SBI General Insurance will help increase the range of products available to our customers and we see a big need for our customers and their businesses.”

With a shared vision of customer-centricity and innovation, SBI General Insurance and Jana Small Finance Bank are poised to redefine the landscape of general insurance distribution in India. This strategic collaboration represents a significant milestone in both organizations' endeavors to empower individuals and businesses with robust insurance protection.

UNI SJC KK
Please log in to get detailed story.
Tags: #SBI General Insurance and Jana Small Finance Bank forge Bancassurance partnership
More News
Sitharaman holds pre-Budget meet with agri sector experts, MSMEs

Sitharaman holds pre-Budget meet with agri sector experts, MSMEs

07 Dec 2024 | 5:25 PM

New Delhi, Dec 7 (UNI) Union Finance Minister Nirmala Sitharaman on Saturday held the second pre-Budget consultation with various farmer associations and leading agricultural economists to
seek their suggestions for the forthcoming Budget 2025-26.

see more..

AP: Commodore Rakesh Prasad assumes charge as new Director of Hindustan Shipyard Ltd

07 Dec 2024 | 4:52 PM

Visakhapatnam, Dec 7 (UNI) Commodore Rakesh Prasad, after completing 32 years of distinguished service in the Indian Navy, assumed charge as Director (Corporate Planning & Personnel) at Hindustan Shipyard Limited (HSL) here on Saturday.

see more..

AP :Construction of Rs 191 crore additional production plant of EDL commences

07 Dec 2024 | 4:46 PM

Sri City ( Andhra Pradesh), Dec 7 (UNI) An additional new state-of-the-art manufacturing facility of EPACK Durable Limited (EDL) started in Sri City, marking a significant expansion of its strategic partnership with Hisense, a global leader in consumer electronics, home appliances, and air conditioning.

see more..

Seminar on semiconductor by nasscom FAYA:80 on Dec 11

07 Dec 2024 | 2:16 PM

Thiruvananthapuram, Dec 7 (UNI) nasscom FAYA:80, a knowledge community based at Technopark, will host a seminar on semiconductor technologies at Technopark here on December 11.

see more..

GHAC secures Customs Trade Partnership Against Terrorism (CTPAT) Certification

06 Dec 2024 | 8:58 PM

Hyderabad, Dec 6 (UNI) GMR Hyderabad Air Cargo (GHAC) on Friday announced that it has secured the prestigious ‘Customs Trade Partnership Against Terrorism (CTPAT)’ certification.

see more..
image