SBI General Insurance, one of the leading general insurance companies in India, has signed a corporate agency agreement with IDFC FIRST Bank for the distribution of non-life insurance Solution. Through this agreement, SBI general insurance will access the IDFC first bank’s larger customer base resulting in wider penetration of its insurance products through the latter’s digital-first approach.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Under this strategic agreement, SBI General Insurance will offer insurance products such as health, personal accident, home, motor and travel along with the commercial line of insurance products such as property, marine and engineering insurance to the bank’s customers.
What is Bancassurance?
Bancassurance is a collaboration between the insurance company and bank under which the former sells the insurance products to the bank’s customer base. This will benefit the bank too as it gets a commission amount from the insurance company.
Important takeaways for all competitive exams:
On World Wildlife Day (3 March 2026), the Indian Army and the Ladakh Forest Department…
To Strengthen India’s maritime and air defense capabilities, the Ministry of Defense on March 03,…
India’s flagship Geo Politics and Geo Economics conference the Raisina Dialogue 2026 which will be…
Did you know that Holi is not celebrated in the same way across India? While…
Did you know that many countries around the world celebrate festivals filled with colors, water,…
Did you know that the festival of colors is not celebrated only in one country?…