Partnership between HSBC India and SBI General Insurance will provide customers of HSBC India with the full range of non-life insurance products from SBI General Insurance, encompassing health, property, motor, and travel insurance.
SBI General Insurance Company Limited has entered into a bancassurance agreement with HSBC India. This partnership will allow the distribution of non-life insurance products, making it a significant milestone to widen insurance accessibility across the country and helping increase insurance penetration.
Speaking on the collaboration, Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, "With our innovative range of products and the bank’s diverse customer base, we will be able to reach a broader customer base and offer them the protection they need against various risks."
Sandeep Batra, Head, Wealth and Personal Banking, HSBC India, said, "This bancassurance tie-up with SBI General Insurance aligns with our commitment to providing comprehensive financial solutions under one roof and deliver unparalleled value to our customers."
Through this partnership, SBI General Insurance claims to provide innovative insurance solutions to HSBC India’s customers nationwide. HSBC India will provide SBI General Insurance’s suite of non-life insurance products, including health, property, motor, and travel insurance.
Customers will benefit from convenient access to these products, enhancing their overall experience and effectively addressing their specific insurance requirements.
