6.10 (0.58%) State Bank of India’s (SBI) subsidiary -- SBI General Insurance and Yes Bank have signed a Corporate Agency agreement for the distribution of retail products of SBI General Insurance Company for its corporate and retail customers. The products of SBI General Insurance Company will be offered to Yes Bank’s customers across 28 states and 8 Union Territories.
The bank has been doing meaningful associations with banks, payments apps, eCommerce players, brokers, etc. to strengthen its distribution footprint across the country. This partnership will be committed to offering customers a broad range of non-life insurance products and services and deploying technology across the customer value chain to facilitate superior experiences for them.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.