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SBI General Insurance has restricted IDFC FIRST Bank for a bancassurance association for selling its protection items. The organization has consented to a corporate office arrangement for the conveyance of non-life coverage arrangements with IDFC FIRST Bank.

According to the arrangement, the organization will offer protection items like wellbeing, individual mishap, home, engine, and travel alongside the business line of protection items like property, marine, and designing protection, to the bank’s clients.

“We are happy to further strengthen our distribution network through this partnership and look forward to achieving new milestones. This will help us extend our range of products to a larger customer base. Our overall aim continues to remain the same i.e. to enhance insurance penetration in the country by ensuring access to all,” said Amar Joshi, head, arising business lines, SBI General Insurance.

“We are pleased to associate with SBI General Insurance and bring more value-added products and services to our customers. The expansion of our non-life insurance portfolio could not have come at a better time as it provides our customers both health and wealth protection and complements our existing wealth management offering.”

IDFC FIRST Bank has an advanced first methodology and serves clients through its best in class net financial stage and an instinctive, easy-to-use portable application, which supplement its cross country branches, ATMs, and credit focuses.

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Finance Wine journalist was involved in the writing and production of this article.

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