Left Menu
Development News Edition

SBI General Insurance Signs Corporate Agency Agreement with YES BANK to Make Non-life Insurance Solutions Accessible to Customers

We believe that YES BANK’s unique branch and digital banking capabilities, coupled with SBI General’s brand strength and innovative product suite will enrich our customers’ value proposition.” The signed agreement was exchanged between the organization by Mr. Rajan Pental, Global Head – Retail Banking, YES BANK & Mr. Amar Joshi, Chief Business Officer, SBI General Insurance.

PTI | Mumbai | Updated: 16-09-2020 17:31 IST | Created: 16-09-2020 17:31 IST
SBI General Insurance Signs Corporate Agency Agreement with YES BANK to Make Non-life Insurance Solutions Accessible to Customers

Mumbai, Maharashtra, India (NewsVoir) SBI General, one of India’s leading General Insurance Companies and, YES BANK, a leading private sector bank, signed a Corporate Agency Agreement for the distribution of retail products of SBI General Insurance Company for its corporate and retail customers. The products of SBI General Insurance Company will be offered to YES BANK’s customers across 28 states and 8 Union Territories. SBI General has been doing meaningful associations with banks, payments apps, eCommerce players, brokers, etc. to strengthen its distribution footprint across the country. This partnership will be committed to offering customers a broad range of non-life insurance products and services and deploying technology across the customer value chain to facilitate superior experiences for them.

Commenting on the tie-up, Amar Joshi, Chief Business Officer, SBI General Insurance, said, “Our alliance with YES BANK is an important milestone and allows us to collaborate and expand our reach by offering our insurance products to a wider audience through the bank’s branches and digital network presence Pan India. We are excited and thrilled to partner with YES BANK, that enjoys a remarkable journey in serving customers over a long time. The tie-up will help us reach out to the last mile and serve untapped markets, thereby increasing insurance penetration.” Speaking of the occasion, Rajan Pental, Global Head – Retail Banking, YES BANK, said, “YES BANK is delighted to embark on this journey with SBI General Insurance, and we look forward to collaborating closely to fulfil the evolving insurance needs of our growing customer base. We believe that YES BANK’s unique branch and digital banking capabilities, coupled with SBI General’s brand strength and innovative product suite will enrich our customers’ value proposition.” The signed agreement was exchanged between the organization by Mr. Rajan Pental, Global Head – Retail Banking, YES BANK & Mr. Amar Joshi, Chief Business Officer, SBI General Insurance. Image: SBI General - YES BANK corporate agency agreement PWR PWR


TRENDING

OPINION / BLOG / INTERVIEW

Uganda COVID-19 response: Was off to a good start but reopening dwindled prospects

Uganda has shown success in using health information to enhance efficiency of disease surveillance, reporting and monitoring. The success, however, has critical challenges confronting it as the country resumes normal activities....

New farm bills in India: Focusing on farms or farmers?

... ...

Kenya’s COVID-19 response: Chaos amid lack of information

Confusing numbers and scanty information on how effective curfews and lockdowns have been in breaking transmission have amplified coordination and planning challenges in Kenyas response to COVID-19. Without accurate data, it is impossible t...

Farkhad Akhmedov: Calculating the price of impunity from the law

In insistences such as the battle over the Luna, Akhmedov has resorted to extreme legal machinations to subvert the High Courts decision and keep his assets from being seized. ...

Videos

Latest News

Asteroid samples tucked into capsule for return to Earth

A NASA spacecraft more than 200 million miles away has tucked asteroid samples into a capsule for return to Earth, after losing some of its precious loot. Flight controllers moved up the crucial operation after some of the collected rubble ...

Soumitra Chatterjee's condition still critical: Doctors

With a marginal improvement of his consciousness level on the neurological front, the condition of veteran actor Soumitra Chatterjee remained critical on Thursday though he is responding to treatment, the hospital in which he is being treat...

San Francisco's Transamerica Pyramid sold for USD 650 million

The Transamerica Pyramid, one of San Franciscos most iconic buildings, has sold for USD 650 million, eight months after an sales agreement was reached. New York investor Michael Shvo, Deutsche Finance America and other investors bought the ...

IOM: 140 dead in weekend migrant ship sinking off Senegal

A weekend migrant shipwreck off Senegal has left at least 140 people dead, making it the deadliest so far this year, the International Organization for Migration confirmed Thursday. About 200 passengers set off in the vessel from the Senega...

Give Feedback