SBI Life Insurance signs ‘bancassurance’ pact with Allahabad Bank


SBIKolkata : Leading private insurer SBI Life Insurance on Monday said it has signed a ‘bancassurance’ pact, with state-run Allahabad Bank to offer a financial planning solution to consumers.

One of the largest bancassurance partnerships in the country will see 3,238 branches of the bank across the country offering the insurer’s a range of protection, wealth creation and savings products to its customers.

This will empower the consumer to address their complete financial needs under one roof.

The public sector bank’s MD and CEO Mallikarjuna Rao highlighted the bank’s objective of offering wider choices of life insurance products to the customers and also augmenting non-interest income of the bank.

“Consumers will now have a direct access to our range of products, providing a holistic financial planning solution. We believe strengthening our distribution network will go a long way in making insurance more accessible to the general public and our partnership with the bank is a step in that direction” the insurer’s MD and CEO Sanjeev Nautiyal added.


Leave a Reply

Your email address will not be published. Required fields are marked *

About us

At we intend to introduce and promote the businesses in the Minorities especially Muslim world who distinguish themselves with respect to Halaal and Haraam. From its very beginning this journal/website has convinced Muslim industrialists and businessmen to strengthen the Indian economy and make their relationships more flourishing with other corporate.




Maeeshat Media Pvt Ltd and is not responsible for views and claims expressed by contributors and for reports sourced by other media networks and news agencies. They do not necessarily represent or reflect the editorial policy of the publication.