SBI General Insurance, HSBC seal bancassurance partnership

The bank will offer SBI General Insurance’s entire non-life offerings.

SBI General Insurance announced its bancassurance partnership with HSBC India to offer non-life insurance plans.

“We are pleased to announce a strategic bancassurance partnership between SBI General Insurance and HSBC India,” the insurer said in a LinkedIn post. “By leveraging HSBC’s extensive branch and digital network, this partnership represents a significant step towards providing accessible and comprehensive insurance solutions, helping increase insurance penetration in the country,”

The bank will offer SBI General Insurance’s whole non-life offerings which range from health, property, motor, and travel.