SBI General Insurance, HSBC India Partner To Provide Insurance Solutions

The State Bank of India General Insurance (SBIGI) and HSBC India have entered into a bancassurance partnership. Through this tie-up, SBIGI aims to offer innovative insurance solutions to HSBC India’s customers.

HSBC India is set to offer the entire suite of SBI General Insurance’s non-life insurance products including health, property, motor and travel to its customers. Through HSBC India’s branch and digital network, the partnership seeks to offer a wide range of insurance solutions to meet diverse consumer needs.

“With our innovative range of products and the bank’s diverse customer base, we will be able to reach a broader customer base and offer them the protection they need against various risks. Together, we are committed to providing innovative insurance solutions and exceptional service to our customers,” said Naveen Chandra Jha, Managing Director (MD) and Chief Executive Officer (CEO), SBI GI.

The partnership aims to leverage SBI General Insurance’s wide range of products coupled with HSBC India’s extensive network, providing customers, seamless access to tailored insurance solutions to safeguard their assets and well-being.

Sandeep Batra, Head, Wealth and Personal Banking, HSBC India, said, “This bancassurance tie-up with SBI General Insurance aligns with our commitment to providing comprehensive financial solutions under one roof and delivering unparalleled value to our customers. We look forward to serving our customers with top-notch insurance products and excellent service standards.”