SBI Life Insurance, YES Bank announce bancassurance tie-up

Source :IANS
Author :IANS
Last Updated: Tue, Sep 22nd, 2020, 09:12:16hrs

New Delhi: SBI Life Insurance has entered into a bancassurance agreement with YES BANK to offer a bouquet of life insurance solutions to the Bank's customers across the country.

As part of the partnership, SBI Life's range of individual and group insurance solutions will be offered to the customers of YES BANK through the Bank's branches spread across 28 states and 8 Union Territories in India.

SBI Life's product portfolio coupled with the Bank's digital capabilities and widespread presence will ensure easy accessibility of life insurance to the customers.

Commenting on the tie-up Ravi Krishnamurthy, President Zone I, SBI Life Insurance said, "With this partnership with YES BANK, we aim to provide financial security for consumers and further reduce the protection gap in India."

"We have been relentlessly moving towards strengthening our distribution channels by establishing strategic associations with banks, corporate agents, brokers, insurance marketing firms etc and will continue to make every effort in making insurance easily accessible to all."