SBI General Insurance and HSBC India Partnership: SBI General Insurance Company Ltd and HSBC India, one of the leading general insurance companies in the country, have announced a special partnership. Under this agreement, HSBC Bank will offer non-life insurance schemes of SBI General Insurance Company to its customers. Such an agreement between a bank and an insurance company is called a bancassurance partnership in the industry. Both the bank and the insurance company benefit from such an agreement.
HSBC customers will get SBI General Insurance scheme
Under this new agreement, HSBC Bank will offer its customers all the non-life insurance plans of SBI General Insurance Company. This includes products like health insurance, property insurance, motor insurance and travel insurance. HSBC is one of the leading international banks operating in India, whose customers include a large number of wealthy and high net worth individuals. Through this agreement, all the non-life schemes of SBI General Insurance will be distributed through all the branches of HSBC India as well as its digital network.
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Will be able to provide insurance protection to more customers: Jha
Speaking on this important tie-up, Naveen Chandra Jha, MD & CEO, SBI General Insurance said, “We are delighted to partner with HSBC India and provide our services to their customers across the country. Our innovative range of products and the diverse customer base of HSBC Bank will enable us to reach more customers and offer them the protection they need against a variety of risks. Together, we are committed to providing our customers with innovative insurance solutions and excellent service.”
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All financial services will be available under one roof: HSBC
Sandeep Batra, Head of Wealth and Personal Banking, HSBC India, said that this agreement with SBI General Insurance is in line with our commitment to provide all financial solutions to our customers under one roof. This will enable us to offer top quality insurance products to our customers with excellent service standards. He said that HSBC is the only international bank operating in India, which is providing all financial services including banking, asset management and insurance to its customers.
