Capital Small Finance Bank Limited, India’s first small finance bank, and Edelweiss Life Insurance established a strategic alliance in Mumbai to provide Capital Small Finance Bank’s diversified customer base with access to Edelweiss Life Insurance‘s extensive range of life insurance products, addressing their demand for financial security.
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.”
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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.”
Sarvjit Singh Samra and Sumit Rai signed the agreement and declared their collaboration at a ceremony in Mumbai. This arrangement intends to improve the Bank’s life insurance solutions by giving consumers access to Edelweiss Life’s digital platform and service touchpoints.
Capital Small Finance Bank, with over two decades of banking expertise, has established a detailed grasp of its niche market—middle-income customers—and tailors its products and services to fit their specific needs. Capital Small Finance Bank will use its large network and customer base to provide Edelweiss Life’s entire portfolio of life insurance products. This alliance is set to improve the client experience by seamlessly merging life insurance options with banking services.
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