HDFC Life Insurance Company Ltd.

BSE: 540777 | NSE: HDFCLIFE
Large Cap | Insurance
564.10
-3.45 (-0.61%)
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HDFC Life enters into corporate agency tie-up with NKGSB Co-operative Bank

Date: 22-12-2023

HDFC Life Insurance Company and NKGSB Co-operative Bank have entered into a Corporate Agency tie-up enabling NKGSB Co-operative Bank customers to avail life insurance products of HDFC Life. NKGSB Co-operative Bank is a leading multi-state co-operative bank and has always been at the forefront of adding value to its products by establishing correspondent relationships and strategic alliances. Keeping pace with changing times and changing customer habits, the bank offers digital banking solutions such as mobile banking, internet banking and SMS banking to its customer base.

India remains vastly under-insured, both in terms of penetration and density. Such tie-ups are good for the consumers, as access to life insurance products improves. This distribution creates an opportunity to penetrate the underserviced segments. NGKSB customers will be able to avail a bouquet of traditional, term, pensions and annuity products of HDFC Life. 

HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.