SBI Life Insurance inks bancassurance pact with State Bank of Sikkim

29 Sep 2023 Evaluate

SBI Life Insurance Company has signed a bancassurance pact with the State Bank of Sikkim (SBS) at the bank's headquarters in Gangtok, Sikkim. The landmark agreement highlights SBI Life's commitment to make insurance solutions accessible to the residents of Sikkim, through its trusted bancassurance partner.

Ensuring greater reach and penetration, the partnership will see extensive distribution network of the State Bank of Sikkim spread across the state offer SBI Life's diverse range of protection, wealth creation and savings insurance products to its customers. This partnership will not only ensure easy accessibility of insurance products but will also empower the customers to address their complete financial needs under one roof.

SBI Life Insurance Company is carrying on business of life insurance and annuity. The Company’s life insurance business comprises of individual life and group business, including participating, non-participating, pension, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked insurance products, variable insurance products, health and micro insurance.


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