SBI General Insurance teams up with HSBC India

By combining the capabilities of both organisations, the collaboration is set to utilise SBI General Insurance’s range of products and HSBC India’s network to equip customers with access to customised insurance solutions that can safeguard their assets. Representatives from HSBC India underlined that the bank is developing a full spectrum offering for its customers, with it currently providing banking, asset management, and insurance. Additionally, the bancassurance alliance with SBI General Insurance aligns with the bank’s allegiance to offering comprehensive financial solutions and delivering value to users.

According to SBI General Insurance’s officials, by merging the company’s range of solutions and the bank’s diverse customer base, the two organisations plan to reach more individuals and offer them the protection they need against several risks. Also, SBI General Insurance and HSBC India mentioned their commitment to delivering optimised insurance solutions and enhanced service to customers. The current news supports SBI General Insurance in solidifying its position in the market, with the company already having a strong presence through its 143 branches. Additionally, by utilising its network of more than 22,518 SBI branches, agents, financial collaborations, OEMs, and digital partners, the firm focuses on extending its services to remote areas of India, with its services catering to the needs of retail, corporate, small and medium-sized enterprises (SMEs), and rural segments.