HDFC Life Insurance stated that it has joined hands with corporate agency agreement with YES Bank to offer a far comprehensive bundle of life insurance solutions for the bank’s clients across the nation. As indicated by financial exchange specialists Yes Bank stocks are expected to get the advantage of the ongoing HDFC Life tie-up to sell insurance policies and this may positively affect the YES Bank share and the private moneylender stock may acknowledge up to Rs 24 for each stock mark from its present Rs 13 per share levels as YES Bank is as of now confronting a solid obstacle at Rs 17 for every share mark and once it breaks this opposition, it might go up to Rs 24 for each share soon.
As a component of the agreement, HDFC Life’s various range of life insurance products will be offered to the clients of YES Bank through the bank’s branches spread across the nation. HDFC Life’s insurance products incorporate solutions for protection, savings and investment, retirement, and critical sickness. Remarking on the arrangement, Suresh Badami, executive director of HDFC Life stated that there is a colossal potential for insurance coverage across life and wellbeing protection, savings, and annuity products in our nation. With the bancassurance experience, the company intends to offer a comprehensive set-up of products solutions and top in class servicing, leveraging, and utilizing the investment in technology and innovation.
Rajan Pental, global head – retail banking, YES Bank mentioned that the company is amazingly eager to accomplice HDFC Life to offer our developing customer base access to HDFC Life’s comprehensive and inventive product suite through a shared commitment to make a difference in their lives by tending to their unique insurance needs. Pental further included that in addition to the quality of the products provided, HDFC Life and YES Bank will keep on focusing on reinforcing the digital and innovation and technology platforms to give differentiated client experience.
The insurer referenced that HDFC Life’s broad and extensive product portfolio combined with the bank’s digital capacities and capabilities and boundless widespread presence guarantees simple accessibility of life insurance to the clients. HDFC Life’s claims intimation is accessible on the web. Clients and inquirers can get the benefit of the services without stepping outside their homes.
