Gangtok: Sikkim residents gets access to an array of insurance solutions for their diverse financial needs.

State Bank of Sikkim embarks on a bancassurance agreement with SBI Life Insurance.

State Bank of Sikkim managing director P. Wangdi Bhutia stated, "We are ready to address the comprehensive financial needs of Sikkim residents."

SBI Life Insurance (NSE: SBILIFE; BSE: SBILIFE) is one of India's leading private life insurance providers. The agreement highlights SBI Life’s commitment to make insurance solutions accessible to the residents of Sikkim, through its trusted bancassurance partner. 

SBI Life Insurance's extensive presence throughout the state and its vast range of insurance choices will meet the state's total financial demands. 

"This partnership signifies our commitment to ensuring a secure and prosperous future for our customers, and we are thrilled to embark on this path of mutual growth & excellence," added Bhutia.

State Bank of Sikkim through this agreement will help in reaching and providing the citizens of Sikkim with our broad range of insurance products thanks to its established presence and in-depth knowledge of the local market.

Speaking on the collaboration, Mr. G Durgadas, President-Zone 3 of SBI Life Insurance, said, "We are thrilled to work with the State Bank of Sikkim under the Corporate Agency tie-up. This partnership represents a major advancement in our objective to free people via life insurance and financial planning services.

As a responsible corporation, we are dedicated to the IRDAI's vision of "Insurance for All by 2047," and we believe this is a step in the right direction, he continued. With our goods and tech-enabled services, we hope to improve the financial outlook of the bank's clients. We are certain that this alliance will allow us to grow the insurance industry even further. Together, we work to improve the region's financial inclusion and security.

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