Mumbai: In an arrangement between two insurance companies, SBI Life and Sundaram Finance (the promoter of Royal Sundaram Alliance, a non-life insurer) have come together to ink an arrangement to market insurance products.
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Under the pact, Sundaram Finance will exclusively distribute SBI Lifes life insurance products through its 110 branches, while SBI Life
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will customise products for customers of the various arms of Sundaram Finance under group insurance schemes.
SBI Life has also unveiled Super Suraksha, a group insurance scheme for SBI accountholders. According to the plan, customers in the age group of 20-60 will get a cover of Rs 50,000-Rs 1 lakh.