• Bhubaneswar India
  • Contact+ 91-9938772605
  • Mon - Sat : 10:00AM - 6:00PM

Tag: Edelweiss Life Insurance

business

Capital Small Finance Bank and Edelweiss Life Insurance enter into strategic partnership

Aug 6, 2024 by Mansi 0 Comments #Capital Small Finance Bank, #Edelweiss Life Insurance, #strategic partnership

August 06, 2024: Capital Small Finance Bank Limited (“Capital SFB”), India’s first Small Finance Bank and Edelweiss Life Insurance announced their strategic partnership in Mumbai. This collaboration will enable Capital Small Finance Bank’s diverse customer base to access Edelweiss Life Insurance’s comprehensive suite of life insurance products, thereby meeting their need for financial security.

capital

Mr. Sarvjit Singh Samra, MD & CEO, Capital Small Finance Bank said, “We are thrilled to announce our strategic partnership with Edelweiss Life Insurance. As we expand our financial solutions, this tie-up with Edelweiss Life enhances our ability to offer comprehensive and tailored life insurance products to our customers, reinforcing our position as a trusted financial partner. By improving accessibility to quality insurance solutions, we aim to become the primary banker for our middle-income group customers, creating a more secure and prosperous future for them.”

Sumit Rai, MD & CEO, Edelweiss Life Insurance said “We are excited to embark on this journey with Capital Small Finance Bank and will together protect people’s dreams and aspirations. This partnership is grounded in a shared commitment to exceptional customer experience, superior business quality, and highest standards of legal & ethical conduct. This alignment of values will enable us to deliver innovative and reliable solutions to our customers. Institutions like Capital Small Finance Bank, which have a geographical stronghold and understand the pulse of their customers, give us a strategic advantage in bringing innovative products to the market to effectively meet customer needs. We are currently focussed on expanding our footprint across the country and this strategic partnership is a step in that direction.”

Mr. Sarvjit Singh Samra and Mr. Sumit Rai signed the agreement and announced their collaboration at an event in Mumbai today. This arrangement aims to enhance the Bank’s life insurance offerings by providing its customers with access to Edelweiss Life’s digital platform and service touchpoints.

With over two decades of experience in the banking industry, Capital Small Finance Bank has developed a nuanced understanding of its niche market—middle-income segment customers, tailoring its products and services to meet their specific needs. Through this collaboration, Capital Small Finance Bank will leverage its extensive network and customer base to offer Edelweiss Life’s comprehensive suite of life insurance products. This partnership is poised to enhance the customer experience by seamlessly integrating life insurance solutions with their banking services.

news

Stay Protected: Celebrate Insurance Awareness Day by Reviewing Your Coverage

Jun 27, 2024 by Gayathri Pariti 0 Comments #Celebrate Insurance Awareness Day, #Edelweiss Life Insurance, #Insurance Awareness Day, #observed annually on June 28th, #State Insurance Plan, #Stay Protected, #Sumit Rai

27th June, 2024: Insurance Awareness Day, observed annually on June 28th, serves as a reminder for individuals to review their insurance policies and ensure they have adequate coverage. This day highlights the importance of being informed about the various types of insurance available, such as health, life, auto, home, and disability insurance. It encourages people to evaluate their current insurance plans, understand their benefits, and make any necessary adjustments to better protect themselves and their families against unforeseen circumstances. By raising awareness, this day aims to promote financial security and peace of mind, emphasizing that being well-insured is a crucial aspect of a comprehensive financial plan.

Sumit Rai, MD & CEO, Edelweiss Life Insurance “For decades, the insurance industry has not only been enabling social security but also contributed heavily to nation-building. As of FY23, the industry has managed assets worth nearly Rs. 55 lakh crores and paid out claims to the tune of almost Rs. 5 lakh crores. And yet, there is much more to be done!

To achieve the regulator’s bold vision of ‘Insurance for all by 2047’, it’s essential to improve insurance penetration, which hinges on increasing consumer awareness and trust. Towards this end, there has been a heightened effort by the industry towards completely transforming buying experiences, innovating products and services, and promoting awareness through educative campaigns.

Supported by a range of progressive regulatory reforms, the regulator has effected wide-ranging simplification in products, and processes, and brought about transparency for the policyholders. A key initiative implemented by the regulator – State Insurance Plan – has led to industry-wide effort in interacting with public at large to help them understand insurance as an instrument, and in turn reducing the trust deficit in the industry. By fostering a healthier and more inclusive insurance landscape, these regulatory changes have prompted insurers to innovate, reorient the way they deliver advisory, and make way for improved accessibility of insurance for the consumer.

With these collective efforts, India is on track to become the world’s 6th largest insurance marketplace by 2032, marching steadily towards the ambitious vision of ‘Insurance for all by 2047.”