SBI Life ties up with Sundaram Finance

Our Banking Bureau
18 March 2002

Mumbai: In an arrangement between two insurance companies, SBI Life and Sundaram Finance (the promoter of Royal Sundaram Alliance, a non-life insurer) have come together to ink an arrangement to market insurance products.

Under the pact, Sundaram Finance will exclusively distribute SBI Lifes life insurance products through its 110 branches, while SBI Life

will customise products for customers of the various arms of Sundaram Finance under group insurance schemes.

SBI Life has also unveiled Super Suraksha, a group insurance scheme for SBI accountholders. According to the plan, customers in the age group of 20-60 will get a cover of Rs 50,000-Rs 1 lakh.