Leading private insurer SBI Life Insurance on Monday said it has signed a ‘bancassurance’ pact, with state-run Allahabad Bank to offer a financial planning solution to consumers.\u00a0One of the largest bancassurance partnerships in the country will see 3,238 branches of the bank across the country offering the insurer’s a range of protection, wealth creation and savings products to its customers.<\/p>\n
This will empower the consumer to address their complete financial needs under one roof.<\/p>\n
The public sector bank’s MD and CEO Mallikarjuna Rao highlighted the bank’s objective of offering wider choices of life insurance products to the customers and also augmenting non-interest income of the bank.<\/p>\n
“Consumers will now have a direct access to our range of products, providing a holistic financial planning solution. We believe strengthening our distribution network will go a long way in making insurance more accessible to the general public and our partnership with the bank is a step in that direction” the insurer’s MD and CEO Sanjeev Nautiyal added.<\/p>\n","protected":false},"excerpt":{"rendered":"
Leading private insurer SBI Life Insurance on Monday said it has signed a ‘bancassurance’ pact, with state-run Allahabad Bank to offer a financial planning solution to consumers.\u00a0One of the largest bancassurance partnerships in the country will see 3,238 branches of the bank across the country offering the insurer’s a range of protection, wealth creation and […]<\/p>\n","protected":false},"author":3,"featured_media":3254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[80],"tags":[3002,3003],"class_list":["post-3253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brands-lifestyle","tag-bancassurance","tag-financial-needs-under-one-roof"],"aioseo_notices":[],"yoast_head":"\n