Insurance 20-Nov-23
HDFC Life Insurance and Karnataka Bank join hands to distribute life insurance products
HDFC Life insurance has entered into a strategic corporate tie-up with Mangaluru-headquartered private sector lender the Karnataka Bank to offer its life insurance products to the bank’s customers.
The partnership is a testament to the stated commitment to provide customers a range of innovative and customer-centric financial solutions.
“By combining Karnataka Bank’s century old banking experience and HDFC Life's expertise in providing quality life insurance products, this collaboration is set to deliver a host of benefits to customers seeking financial security and life protection”, the bank said in a statement.
HDFC Life spokesperson said, "Given the under-penetration, there is tremendous potential for life insurance in our country. Life insurance is the first step towards financial planning and we believe it is a must have for every individual with responsibilities. With our rich experience in managing bancassurance partnerships, we aim to offer a comprehensive suite of product solutions and best-in-class servicing, leveraging our investments in technology. We look forward to working closely with the Karnataka Bank team for the benefit of their customers".
Bank's MD & CEO Srikrishnan H said, “We are excited to partner with HDFC Life in our centenary year. This collaboration aligns with our commitment to enhancing the suite of financial products and services available as a choice to our customers. It reflects our dedication to providing holistic financial solutions through our wide distribution and digital network and ensuring the well-being and security of our customers and their families.”
Previous News
HDFC Life Insurance Company schedules board meeting
( Corporate News - 01-Jul-24 09:52 )
HDFC Life gets Rs 2,088-cr tax demand; plans rectification order
( Hot Pursuit - 28-Jun-24 14:40 )
Karnataka Bank launches KBL WISE Senior Citizen Savings Account
( Corporate News - 15-Jun-24 13:56 )
HDFC Life jumps on welcoming IRDAI's life insurance reforms
( Hot Pursuit - 13-Jun-24 15:16 )
HDFC Life welcomes reforms outlined in the Master Circular on Life Insurance products
( Corporate News - 13-Jun-24 09:17 )
HDFC Life Insurance Company Ltd spurts 1.22%, rises for fifth straight session
( Hot Pursuit - 11-Jun-24 13:00 )
Karnataka Bank appoints Chief Human Resources Officer
( Corporate News - 10-Jun-24 19:47 )
HDFC Life Insurance Company Ltd gains for third straight session
( Hot Pursuit - 07-Jun-24 13:05 )
Karnataka Bank allots 1.27 lakh equity shares under ESOS
( Corporate News - 06-Jun-24 18:34 )
Karnataka Bank
( Results - Analysis 25-May-24 13:27 )
Karnataka Bank
( Analyst Meet / AGM - Conference Call 25-May-24 13:29 )
Other Stories
Aegis Federal Life announces highest ever bonus total of Rs 134.44 crore for FY23-24
25-Jun-24 10:24
Bharti AXA Life Appoints Akhil Gupta As New Chairman
20-Jun-24 09:56
IRDAI directs life insurers with set of mandatory reforms to facilitate against policies
14-Jun-24 18:05
Life insurers’ new premium income up 15.15% at Rs 27,034 crore in May
11-Jun-24 10:30
PNB MetLife Insurance appoints Sameer Bansal as new MD & CEO
06-Jun-24 14:42
Edelweiss Tokio Life Insurance rebranded as Edelweiss Life Insurance
03-Jun-24 15:52
IRDAI approves appointment of Sandeep Batra as ICICI Prudential Chairman
30-May-24 18:50
Shriram Life Posts PAT at Rs 158 crore, New Business Premium rose 62% in FY24
24-May-24 11:59
Mahindra Finance obtains Corporate Agency License from IRDAI to distribute insurance products
23-May-24 10:05
HDFC Life declares bonus worth Rs 3722 crore to policyholders
15-May-24 18:29
Back
Top