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  • Canara HSBC Life Insurance enhances life insurance offerings through partnership with Tripura Gramin Bank

    Published on March 4, 2024

     New Delhi : Canara HSBC Life Insurance Company Limited announces a new strategic partnership with Tripura Gramin Bank (TGB) to offer a range of life insurance products through TGB’s extensive branch network within the state. The collaboration marks a significant milestone, bringing company’s insurance solutions closer to the customers of Gramin Bank. The newly added regional bank partner is the 7th Regional Rural Bank (RRB) added in the distribution network of Canara HSBC Life Insurance.

    The strategic alliance will empower bank’s customers to choose from a wide range of life insurance solutions provided by Canara HSBC Life Insurance tailored to serve the unique needs and preferences of customers. Leveraging TGB’s strong presence of 150 branches within Tripura, the association will enable Canara HSBC Life Insurance to offer their to over 30 lakh customers of the Gramin Bank spread across the state.

    As the exclusive regional rural bank of Tripura with branches across eight districts, the partnership aims to equip communities with the necessary knowledge and resources to safeguard their financial well-being and make insurance accessible to all.

    Through their dedicated focus on fostering a culture of insurance awareness, both organizations are passionately driving bridging the insurance gap, particularly in rural communities. Their shared mission is to extend essential financial protection and offer sustainable investment opportunities to a greater number of individuals in Tripura, ensuring a brighter and more secure future for all.

    Mr. Rishi Mathur, Chief Distribution Officer – Alternate Channels and Chief Strategy Officer, Canara HSBC Life Insurance, commented, “We’re excited to join hands with Tripura Gramin Bank, renowned for its commitment to serve communities across urban and rural Tripura. The partnership will enable us to offer our insurance solutions to a broader audience, supporting our mission to safeguard our customers’ ambitions and goals of financial security. With increasing awareness about insurance, this collaboration strengthens our efforts to address insurance gaps across Tripura and the growing North East region, and is part of our broader thrust to bring Insurance to All.”

    Mr. Satyendra Singh, Chairman, Tripura Gramin Bank, shared his thoughts on the partnership,

    “At the heart of our commitment lies the promise to deliver unparalleled insurance products and best-in class services. Through our partnership with Canara HSBC Life Insurance, we’re poised to offer our valued customers comprehensive life insurance solutions, fortifying their financial security.”

    The partnership represents a significant step forward, as Canara HSBC Life Insurance and Tripura Gramin Bank join forces to provide essential financial protection and longer term investment and saving propositions to individuals and families across Tripura.

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