Categories: Articles

HDFC Life Enters into a Corporate Agency Tie-up with Karur Vysya Bank (KVB) to Offer Life Insurance Solutions to its Customers

HDFC Life, one of India’s leading life insurers, and Karur Vysya Bank have entered into a Corporate Agency (CA) arrangement, today.

This CA arrangement will enable customers of Karur Vysya Bank to avail HDFC Life’s wide range of life insurance products which include solutions for protection, savings and investment, retirement and critical illness.

In this photograph (from left to right) are Mr. Suresh Badami – Deputy Managing Director, HDFC Life, Mr. Dolphy Jose – Chief General Manager & Head Consumer Banking, Karur Vysya Bank( KVB)

India is largely under-insured. The protection gap in India is higher than that of most developed markets. For every individual with responsibilities, it is necessary to secure themselves and their families financially. Life insurance is a product that not only provides financial security but also enables individuals to save over the long term in a disciplined manner thus fulfilling their long-term financial goals.

HDFC Life constantly endeavors to reach out to individuals across geographies thus ensuring that they are protected with a financial safety net. This partnership with Karur VysyaBank will further strengthen HDFC Life’s efforts towards Insuring India.

Karur Vysya Bank has a 107-year-old banking legacy and has been at the forefront of providing professional banking services and quality customer service. The Bank has a wide presence with a network of 827 branches spread across 20 states and 3 Union Territories.

This partnership will enable both HDFC Life and Karur Vysya Bank to offer superior life insurance products and services to their customers at scale.

Mr. B Ramesh Babu, Managing Director & CEO of the Bank said, “Karur Vysya Bank has always endeavored to offer the best of financial services under one roof. Our Corporate tie-up with HDFC Life will provide one more option to our customers while charting their insurance plans. Since HDFC Life offers claim intimation process online, our customers can avail the services without stepping out of their homes. Together we look forward to creating a seamless experience that aligns with our shared value of trust, reliability and customer-centricity.”

Speaking on the arrangement, Mr. Suresh Badami, Deputy Managing Director of HDFC Life said, “We are delighted to partner with Karur Vysya Bank, a well-respected bank with a rich legacy of over 100 years. This tie-up will enable us to offer our strong product proposition to their customers. We will work closely together to achieve India’s vision of ‘Insurance for All’ by 2047.”

Speaking on the development, Mr.Dolphy Jose, Chief General Manager & Head-Consumer Banking, Karur Vysya Bank said, “We are thrilled to announce our strategic partnership with HDFC Life. This collaboration is a testament to our commitment to providing comprehensive financial solutions. This alliance will enable us to offer a diverse range of life insurance products tailored to meet varying needs and our focus remains on simplifying the path to financial wellbeing for our customers.”

Paras

Recent Posts

Why do Indian Students want to Study Abroad

From meager 50,000 Indians going to study abroad in 1999, the numbers have risen to…

4 hours ago

Whatfix and Deloitte India Forge Strategic Alliance to Accelerate Adoption of Digital Solutions for Indian Enterprises

Whatfix, a global leader among digital adoption platforms (DAPs), has entered into a strategic alliance…

4 hours ago

The Akshaya Patra Foundation Amplifies the Partnership with BW LPG India to Fuel Mid-Day Meals Across India

The Akshaya Patra Foundation, a non-profit organisation focussed on providing unlimited food for education for…

4 hours ago

Indian Para-athlete and Disability Rights Activist Ms. Suvarna Raj Wins Prestigious United Nations SDG Action Award in Rome, Italy

In a landmark achievement for India, Suvarna Raj, a celebrated para-athlete and a passionate disability…

5 hours ago

Introducing New Exclusive Games on Parimatch: Coin Train and Fruit Box Classic

Parimatch is excited to announce the launch of two new exclusive games tailored specifically for…

5 hours ago

A Diwali Gift for Healthcare Sector: Tech Mahindra Foundation and GIZ Unveil ‘Healthcare-Careers’ Portal for Allied Professionals and Recruiters

In a strategic move to address the growing demand for skilled professionals in India's booming…

5 hours ago