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Indian Overseas Bank to sell general insurance product of SBI General Insurance

SBI General Insurance said in a statement on Monday that it will provide general insurance and innovative products to Indian Overseas Bank customers…

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Indian Overseas Bank to sell general insurance product of SBI General Insurance

SBI General Insurance has entered into a Bank Insurance Agreement with the Indian Overseas Bank (IOB). Under this, IOB will sell general insurance products of SBI General Insurance. SBI General Insurance said in a statement on Monday that it will provide general insurance and innovative products to IOB customers through this tie-up.

The Chennai-headquartered IOB has more than 3,200 branches across the country. Apart from this, the bank also has a presence in foreign markets. SBI General Insurance Managing Director and Chief Executive Officer (CEO) PC Kandapal said, Indian Overseas Bank wide reach in the Tamil Nadu region will allow a wider range of products to be distributed to its customers. Under this tie-up, we will provide consumer-friendly products with deep research to IOB customers. “

IOB Managing Director and CEO Partha Pratim Sengupta said that we will make it a long-term relationship of mutual benefit with efficiency. This will increase the penetration of insurance products to our customers. “

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