HDFC ERGO enters into bancassurance tie-up with SVC Bank

HDFC ERGO General Insurance Company and Shamrao Vithal Co-operative (SVC) Bank have announced their bancassurance agency partnership to provide a range of non-life insurance offerings to the customers of the bank. The partnership combines HDFC ERGO’s experience in introducing innovative non-life insurance products with SVC Bank’s customer base across various States.

New Delhi-headquartered SVC Bank has 194 branches in 10 States including Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Gujarat, Goa, Delhi, Madhya Pradesh, Rajasthan, and Haryana. While HDFC ERGO has headquartered in Mumbai, India. HDFC ERGO is a joint venture between HDFC Ltd. and ERGO International AG, a Germany-based company. ERGO is a part of the Munich Re Group that stands among the largest insurance companies of the world with an asset share of over Rs. 9,00,000 crores. It operates in 89 Indian cities with over 109 branches and 1,900 staff members across the country.

So let’s discuss some questions related to this post:
1. Name the bank which has tied up with HDFC ERGO to provide a range of non-life insurance offerings to the its customers?
2. Where is the headquarter of HDFC ERGO General Insurance Company?


Courtesy: The Hindu Business Line

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