Insurance 24-Mar-23
SBI Life Insurance tie-up with Karur Vysya Bank for bancassurance partnership
Karur Vysya Bank on Thursday signed an agreement with SBI Life Insurance as an additional bancassurance partner in the life insurance segment.
This month, SBI Life Insurance declared an interim dividend of ₹2.5 per share for its investors for the financial year 2022-23.
The interim dividend declared will be payable to eligible shareholders on or before April 6, 2023. The record date is March 16, 2023. The record date is set to ascertain the eligibility of shareholders for payment of dividend.
Recently, Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and global insurance firm AXA, entered into a bancassurance tie-up with Unity Small Finance Bank (Unity Bank) in order to sell its life insurance products through the lender's 111 branches of the network.
Bancassurance is an arrangement between a bank and an insurance firm through which the insurer sell its products to the bank's customers.
Previous News
SBI Life Insurance Company Ltd gains for third straight session
( Hot Pursuit - 05-Jul-24 13:05 )
Karur Vysya Bank appoints Head Retail Liabilities
( Corporate News - 02-Jul-24 09:33 )
Karur Vysya Bank advances climb 16% YoY in Jun'24
( Hot Pursuit - 01-Jul-24 14:14 )
Life insurers’ new premium income up 15.15% at Rs 27,034 crore in May
( Insurance - 11-Jun-24 10:30 )
Karur Vysya Bank hikes EBR- R, Base Rate and BPLR
( Corporate News - 08-Jun-24 14:14 )
Karur Vysya Bank announces cessation of director
( Corporate News - 29-May-24 19:12 )
SBI Life Insurance Company announces change in senior management
( Corporate News - 22-May-24 19:32 )
Karur Vysya Bank receives affirmation in credit rating for CDs
( Corporate News - 22-May-24 09:04 )
Karur Vysya Bank receives affirmation in rating for CD programme
( Corporate News - 18-May-24 12:46 )
Karur Vysya Bank
( Analyst Meet / AGM - Conference Call 17-May-24 17:28 )
Karur Vysya Bank opens 840th branch at Ayodhya
( Corporate News - 17-May-24 11:55 )
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