SBI Life Insurance signed a bancassurance agreement with the State Bank of Sikkim (SBS) in Gangtok, Sikkim. The historic arrangement demonstrates SBI Life’s commitment to making insurance products available to Sikkim citizens through its trusted bancassurance partner. The agreement was signed by Shri P. Wangdi Bhutia, Managing Director, State Bank of Sikkim, and Shri Jayant Pandey, Regional Director- Bengal region, SBI Life Insurance in the presence of Shri S.R. Karki, Ms. Deepika Chettri, Shri Kunchok Bhutia, Shri Dorjee Teshering Lepcha, Shri Anil Pradhan, Shri Sameer Sharma, and Shri Ritesh Kumar Jha, Shri Vikas Patra, and other dignitaries.
Ensuring greater reach and penetration, the partnership will see extensive distribution network of the State Bank of Sikkim spread across the state offer SBI Life’s diverse range of protection, wealth creation, and savings insurance products to its customers. This collaboration will not only offer quick and easy access to insurance products, but will also enable users to meet their whole financial needs under one roof.
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.”
