Canara HSBC Life Insurance has announced a strategic partnership with Tamil Nadu Grama Bank to offer a range of life insurance products through TNGB's regional branch network spread across the state.
The strategic alliance will empower the Bank’s customers to choose from a wide range of life insurance products of Canara HSBC Life Insurance tailored to match unique needs and preferences. Leveraging TNGB’s strong presence of 659 branches within the association will enable Canara HSBC Life Insurance to provide insurance products to over 60 lakh customers of the bank.
Canara HSBC Life Insurance has been a catalyst for providing innovative products within the life insurance space, consistently introducing customized products and services for catering the evolving needs of the customers. The Company’s persistent focus on health and wellness has been a cornerstone of its success, with a range of offerings that tracks and evaluates holistic well-being. The expansion of its regional rural bank network across the country has further strengthened its presence and accessibility to tap the last mile possible for better insurance penetration. With more than 100 branches of Canara HSBC Life Insurance spanning across the length and breadth of India, the Company continues to be a trusted name within the life insurance sector.
Mr. Rishi Mathur, Chief Distribution Officer - Alternate Channels and Chief Strategy Officer, Canara HSBC Life Insurance, commented, "We are excited to partner with Tamil Nadu Grama Bank, a trusted name in the banking sector and has a tradition of serving customers across urban and rural areas of Tamil Nadu. The collaboration will allow us to extend our insurance solutions to a larger customer base, aligned to the common mission of “Insurance for All”. Insurance awareness is on the rise and our strengthening of distribution network will empower company’s strategy to bridge the insurance gap pertaining within the state.”
Mr. S. Selvaraj, Chairman & Mr. T.Vasudevan, General Manager, Tamil Nadu Grama Bank, shared their thoughts on the partnership, stating "We are committed to providing our customers with the best financial products and services. Our collaboration with Canara HSBC Life Insurance will enable us to offer comprehensive life insurance solutions to our valued customers, enhancing their financial security."