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Insurance
19-Dec-23
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HDFC Life Insurance join-hands with Karur Vysya Bank for bancassurance partnership
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HDFC Life Insurance, one of India's largest life insurance companies, and Karur Vysya Bank have signed a Corporate Agency (CA) agreement. This CA arrangement will allow Karur Vysya Bank customers to access HDFC Life's comprehensive range of life insurance products, which includes solutions for protection, savings & investment, retirement, and critical illness.
HDFC Life is continually working to reach out to people across borders, ensuring that they have a financial safety net. This collaboration would allow HDFC Life insurance to provide outstanding life insurance products and services to Karur Vysya Bank consumers on a large scale.
Karur Vysya Bank has a banking history of 107 years and has always been at the forefront of providing professional banking services and excellent customer service. With 827 branches spread across 20 states and three union territories, the bank has an extensive presence.
Commenting on the arrangement, Suresh Badami, Deputy Managing Director of HDFC Life said, “We are delighted to partner with Karur Vysya Bank, a well-respected bank with a rich legacy of over 100 years. This tie-up will enable us to offer our strong product proposition to their customers. We will work closely together to achieve India’s vision of ‘Insurance for All’ by 2047.”
B Ramesh Babu, Managing Director and CEO of the bank said, “Karur Vysya Bank has always endeavored to offer the best of financial services under one roof. Our Corporate tie-up with HDFC Life will provide one more option to our customers while charting their insurance plans. Since HDFC Life offers claim intimation process online, our customers can avail the services without stepping out of their homes. Together we look forward to creating a seamless experience that aligns with our shared value of trust, reliability and customer-centricity.”
Speaking on the development, Dolphy Jose, Chief General Manager & Head- Consumer Banking, Karur Vysya Bank said “We are thrilled to announce our strategic partnership with HDFC Life. This collaboration is a testament to our commitment to providing comprehensive financial solutions. This alliance will enable us to offer a diverse range of life insurance products tailored to meet varying needs and our focus remains on simplifying the path to financial wellbeing for our customers.”
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