Exide Life inks bancassurance tie-up with SVC Coop Bank

Exide Life Insurance has entered into a bancassurance agreement with SVC Co-operative Bank, under which the private insurer will cater to over eight lakh customers of the bank.

Under the arrangement, Exide Life Insurance will get access to 193 SVC bank branches, which cater to over eight lakh customers, a release issued here said.

Through this association, SVC bank will be able to leverage on product innovation, technology and best in class training offered by Exide Life Insurance.

SVC Co-operative Bank Managing Director Suhas N Sahakari said, "Life Insurance is seen both as coverage and an investment tool. In this regard, our tie-up with Exide Life Insurance will add to our existing repertoire and provide more life insurance product options for our customers."
 

"Thus, making us add value to the banking experience by serving as a one stop shop for all Banking and Insurance related needs.