HDFC ERGO General Insurance Company has joined hands with NSDL Payments Bank Limited in a bid to offer a wide range of general insurance products to the bank’s customers.
This alliance aims at combining wide distribution network of NSDL Payments Bank and the strong innovation pipeline of HDFC ERGO to ensure financial inclusion in the country.
The usually low insurance penetration in India has reported rise in demand due to the outbreak of the pandemic.
Ankur Bahorey, President – Banccasurance, HDFC ERGO General Insurance said, “We are excited to tie-up with NSDL Payments Bank and support their customers in availing our wide range of health insurance covers. We are confident that a seamless digital sales platform will provide a smooth buying experience to the bank customers. Through this partnership, HDFC ERGO is yet again enforcing our commitment of reaching out to customers and making our products available to all possible sections of the society.”
Talking about the partnership, Ashutosh Singh, CEO, NSDL Payments Bank said, “Investing in one’s health has always been important but this realization has been amplified in the last 6 months. Our association with HDFC ERGO will help us move in the direction of offering a comprehensive product portfolio for our customers highlighting the importance of holistic health and wealth plans. Also, as more than 75% of our base is below the age of 30, we are excited to introduce them to right asset allocation strategies from an early age. Towards that end our partnership with HFDC ERGO assumes a lot of significance and is an important milestone in our continued journey to offer wholesome solutions to our customers.”