Karur Vysya Bank, HDFC Bank ink corporate agency pact

20 Dec 2023 , 10:59 AM

Karur Vysya Bank and HDFC Life, private sector banks, have entered into a corporate agency arrangement to market life insurance products to their respective consumers.

According to a news statement issued on Tuesday, this corporate agency agreement would allow Karur Vysya Bank clients to access HDFC Life’s extensive portfolio of life insurance products, which includes solutions for protection, savings and investment, retirement, and critical illness.

Our corporate partnership with HDFC Life will provide our consumers with another alternative when planning their insurance coverage. Because HDFC Life provides claim intimation services online, our clients may use them without leaving their homes, commented B Ramesh Babu, Managing Director and CEO of Karur Vysya Bank.

We are delighted to partner with Karur Vysya Bank, a well-respected bank with a rich legacy of over 100 years, said Suresh Badami, Deputy Managing Director of HDFC Life. This collaboration will allow the bank to provide its powerful product proposal to clients. According to the statement, Karur Vysya Bank has 827 branches spread throughout 20 states and three union territories.

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