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:
India is celebrating the 165th birth anniversary of Rabindranath Tagore on 7th May, 2026. He…
The CSIR-Central Road Research Institute and Bharat Petroleum Corporation Limited have received the recognition from…
The Ministry of Health and Family Welfare (MoHFW) has launched the JANANI (Journey of Antenatal,…
Soma Mandal has been awarded with the South Asia regional winner of the prestigious Cambridge…
Jeremiah Manele Prime Minister of Solomon islands lost a no confidence vote in Parliament on…
The legendary media entrepreneur who ha transformed global television news by launching world's first 24…