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:
Did you know that the air we breathe can sometimes be more harmful than we…
Did you know that India has one of the largest railway networks in the world,…
Delhi Chief Minister Rekha Gupta presented the Budget 2026-27 on March 24, 2026 and with…
Global investment bank Goldman Sachs has reduce the India’s GDP growth forecast for 2026 to…
The Hurun Global Rich List 2026 released and it shows a powerful trend in self-made…
The Garo Hills Autonomous District Council (GHADC) in Meghalaya has passed an amendment and makes…