Allahabad Bank, SBI Life Join Hand For Bancassurance Partnership

Allahabad Bank and SBI Life Insurance came together and signed a bancassurance pact, to offer a holistic financial planning solution to consumers. The tie-up, one of the largest Bancassurance partnerships in the country, will see 3,238 branches of Allahabad Bank across the country offer SBI Life’s range of protection, wealth creation, and savings products to its customers.

This will empower the consumer to address their complete financial needs under one roof. The agreement was signed in the presence of Allahabad Bank Managing Director (MD) and Chief Executive Officer (CEO) Mallikarjuna Rao and SBI Life MD & CEO Sanjeev Nautiyal.

Source- The Hindu Business Line

Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018:

  • Allahabad Bank MD and CEO: S. S. Mallikarjuna Rao, Headquarters in: Kolkata.
  • SBI Life MD and CEO: Sanjeev Nautiya, Headquarters in: Mumbai.

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