Insurance News Details

SBI Life Insurance tie-up with Karur Vysya Bank for bancassurance partnership

(24-Mar-23   09:53)

Karur Vysya Bank on Thursday signed an agreement with SBI Life Insurance as an additional bancassurance partner in the life insurance segment.

This month, SBI Life Insurance declared an interim dividend of ₹2.5 per share for its investors for the financial year 2022-23.

The interim dividend declared will be payable to eligible shareholders on or before April 6, 2023. The record date is March 16, 2023. The record date is set to ascertain the eligibility of shareholders for payment of dividend.

Recently, Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and global insurance firm AXA, entered into a bancassurance tie-up with Unity Small Finance Bank (Unity Bank) in order to sell its life insurance products through the lender's 111 branches of the network.

Bancassurance is an arrangement between a bank and an insurance firm through which the insurer sell its products to the bank's customers.

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