2 weeks ago

J&K Bank Partners HDFC Life to Expand Insurance Offerings

J&K Bank is working with HDFC Life to offer more life-insurance choices.

The deal is called a Corporate Agency Agreement.

Bank customers can access term protection, savings, investment and retirement products.

The partnership adds HDFC Life to the bank’s multi-partner bancassurance model.

This gives customers access to products from multiple insurers through the bank.

J&K Bank says wider choice can help people select solutions for different life stages.

HDFC Life says it will provide simpler, technology-driven solutions.

The companies said the effort supports broader insurance coverage in India.

Key facts

Agreement: Corporate Agency Agreement between J&K Bank and HDFC Life
Insurance products: Term protection, savings, investment and retirement solutions
Distribution channel: J&K Bank’s branch network and multi-partner bancassurance platform
J&K Bank representative: Amitava Chatterjee, Managing Director and Chief Executive Officer
HDFC Life representative: Vibha Padalkar, Managing Director and Chief Executive Officer
Policy context: The partnership was described as supporting the Insurance Regulatory and Development Authority of India’s “Insurance for All by 2047” vision.

thehansindia.com · 2 weeks ago