Srinagar, Aug 18: J&K Bank has entered into a Corporate Agency Agreement with HDFC Life to expand the range of life insurance products available to its customers.
The partnership will provide customers access to HDFC Life’s products covering protection, savings and investment, retirement planning and other long-term financial needs.
J&K Bank MD & CEO Amitava Chatterjee said the collaboration would strengthen the bank’s customer-centric approach by offering greater choice and need-based financial solutions.
“We believe that greater choice creates greater value,” Chatterjee said, adding that the partnership would provide customers with greater product diversity, competitive pricing and flexibility.
HDFC Life MD & CEO Vibha Padalkar said the partnership would help customers access insurance solutions designed to provide long-term financial protection and support their financial goals.
With HDFC Life joining its existing panel of insurance partners, J&K Bank said it would continue to strengthen its bancassurance business and offer customers a wider choice of insurance products through its distribution network.
