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Karnataka Vikas Grameena Bank and SBI General Insurance Co Ltd Signed MoU to Sell General Insurance Products 

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KVG-Bank-inks-pact-with-SBI-General-InsuranceKarnataka Vikas Grameena Bank (KVGB) and SBI General Insurance Co Ltd have signed a Memorandum of Understanding(MoU) in  Dharwad, Karnataka to sell general insurance products through the branches of KVGB. The MoU was signed by BC Ravichandra, General Manager of KVGB, and Mahendra Tripathi, Head (Compliance and Legal), SBI General Insurance Co Ltd.

Key Info

i.As per the MoU the customers of KVGB will be able to avail bouquet of products that can cover their health, home, motor, property through the range of solutions that the company offers.

ii.SBI General Insurance Co Ltd will provide KVGB an enormous scope to cater the diverse insurance requirements of its customers.

iii.This alliance is a step to enhance the portfolio of KVGB to meet the diverse financial needs of its customers.

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i.ICICI Lombard in partnership with PhonePe has launched Hospital Daily cash benefit under its Group Safeguard Insurance policy, a sachet-based group insurance product.

ii.The Small Industries Development Bank of India(SIDBI) informed that it will launch ‘India SME Services Platform’, a digital platform to educate stakeholders in the small and medium enterprises(SME) ecosystem and have information on coronavirus-related initiatives for the sector.

About Karnataka Vikas Grameena Bank:
Headquarters– Dharwad, Karnataka
Chairman– P Gopi Krishna

About SBI General Insurance Co Ltd
Headquarters– Mumbai, Maharashtra
Managing Director(MD) and Chief Executive Officer(CEO)– Prakash Chandra Kandpal