SBI Life Insurance, a renowned Indian private life insurer, has signed a bancassurance pact with the State Bank of Sikkim at its Gangtok headquarters. The landmark agreement highlights SBI Life’s commitment to make insurance solutions accessible to the residents of Sikkim, through its trusted bancassurance partner. The agreement was signed by Shri P.Wangdi Bhutia, Managing Director of State Bank of Sikkim, and Shri Jayant Pandey, Regional Director of Bengal region, SBI Life Insurance, in the presence of various dignitaries, including Shri S.R. Karki, Chief General Manager, HR, and IT executives. The agreement aims to enhance SBI Life Insurance’s operations in the Bengal region.
Speaking about the bancassurance partnership, Shri P.Wangdi Bhutia, Managing Director, State Bank of Sikkim said, “This partnership signifies our dedication to ensuring a secure & prosperous future of our customers, we are thrilled to embark on this path of mutual growth & excellence.”
Speaking about the partnership, Mr. G Durgadas – President-Zone 3, SBI Life Insurance said, “We are delighted to partner with the State Bank of Sikkim under the Corporate Agency tie-up. This collaboration marks a significant step forward in our mission to liberate individuals through life insurance and financial planning solutions. State Bank of Sikkim, with its deep-rooted presence and understanding of the local market, serves as a meaningful trustworthy partner for us to reach and serve the residents of Sikkim with our wide-range of insurance solutions.” He further added, “As a responsible corporate, we are committed to IRDAI’s mission of ‘Insurance for All by 2047’, and we feel this is a step in the right direction. We, look forward to strengthening the financial future of the bank’s customers with our products and tech-enabled services. We are confident that this partnership will enable us to further expand the insurance market. Together, we strive to enhance financial inclusion and security in the region.”
The State Bank of Sikkim is partnering with SBI Life to expand its distribution network across the state, offering a range of protection, wealth creation, and savings insurance products. This partnership will ensure easy accessibility and empower customers to address their financial needs under one roof.
