SBI Life Insurance inks bancassurance pact with Paschim Banga Gramin Bank
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
SBI Life Insurance Company has inked bancassurance pact with Paschim Banga Gramin Bank. Through this partnership all the branches of Paschim Banga Gramin Bank across West Bengal offer SBI Life’s range of protection, wealth creation, credit life, annuity and savings products, thereby increasing accessibility of life insurance solutions in the region.
Bancassurance is an arrangement between a bank and an insurance company, as a part of which the latter can sell its products to the lender’s customers.
SBI Life Insurance Company is carrying on business of life insurance and annuity. The Company’s life insurance business comprises of individual life and group business, including participating, non-participating, pension, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked insurance products, variable insurance products, health and micro insurance.
