Syndicate Bank, SBI Life reinforce bancassurance partnership
Syndicate Bank, one of the leading and trusted public sector banks of India, today fortified its corporate agency arrangement with SBI Life Insurance, one of the trusted life insurance companies in India, by signing a pact for long term association. The development comes on the back of an overwhelming response from customers across Syndicate Bank branches, who have embraced SBI Life’s insurance solution offerings. In January this year, both the entities signed a bancassurance pact to make insurance easily accessible to consumers across over 4000 branches of Syndicate Bank in India.
Syndicate Bank is one of the largest and most-efficient public sector banks in India. Apart from taking rapid strides in providing ultra-modern banking services to their customers, it is also one of the most customer friendly banks. It was the only public sector bank listed in the top 10 Best Retail Banks in India survey conducted under the Kantar CX+ study on performance of Indian Banks, a respect it achieved due to the bank’s aggressive performance in recent times, mainly advancement of technology along with new initiatives in retail banking.