SBI General forms non-life bancassurance partnership with Jana Small Finance Bank

Partnership will provide bank's individual and commercial clients with access to a wide range of general insurance products.

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Sbi general forms non life bancassurance partnership with jana small finance bank
Sbi general forms non life bancassurance partnership with jana small finance bank
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Sbi general forms non life bancassurance partnership with jana small finance bank

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(Re)in Summary

• Bancassurance partnership will expand SBI’s distribution network to Jana Small Finance Bank’s customers in 24 states and Union Territories across India.
• Bank’s individual customers will have access to health, personal injury, house, auto, and travel insurance lines.
• Commercial insurance products include property, marine, and engineering.

SBI General Insurance has entered into a strategic bancassurance collaboration with Jana Small Finance Bank, extending the insurer’s distribution network and mark presence through the bank’s extensive customer base and branch networks across 24 states and Union Territories in India.

The partnership will provide Jana Small Finance Bank’s individual customers with access to a range of general insurance products, including health, personal injury, house, auto, and travel insurance, SBI said.

It will also facilitate commercial line products for businesses and enterprises, including property, marine, and engineering insurance.

Kishore Kumar Poludasu, MD & CEO of SBI General Insurance, stated, “We are delighted to announce our partnership with Jana Small Finance Bank, a pivotal step forward in our mission to offer comprehensive insurance solutions to customers across India and contribute to increasing insurance penetration nationwide.”

Ajay Kanwal, MD & CEO of Jana Small Finance Bank, added, “Our partnership with SBI General Insurance will help increase the range of products available to our customers and we see a big need for our customers and their businesses.”

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