By Tricitynews Reporter
Chandigarh 20th November:- SBI Life Insurance,
one of the most trusted private life insurers, in its effort to reinforce its
presence in Chandigarh Region, today inaugurated its New Regional Office (RO) premises
here. The New Regional Office, situated at SBI Life Insurance Co. Ltd., Industrial
Area, Phase -2, Chandigarh, was
inaugurated by Arijit Basu, MD & CEO, SBI Life Insurance, in presence of Anil
Kishora, CGM-SBI Chandigarh Circle, Mr. Ravi Krishnamurthy, President–Zone 1,
SBI Life Insurance, Romesh Makkar, Regional Director, Chandigarh Region, SBI
Life Insurance, along with other dignitaries from State Bank of India and SBI
Life.
Along with the Regional Office inauguration, SBI Life Insurance, under
its CSR initiatives, extended support
to Bal Sadan, an NGO dedicated to serve the orphan and destitute children. SBI
Life supported the NGO by providing infrastructure equipment that will be utilized
for an ailing room made available to the girls of the NGO.
SBI Life is also
extending support to Society for Rehabilitation of Mentally Challenged (SOREM),
Chandigarh, which is an NGO dedicated to the cause of children with mental
retardation, cerebral palsy and autism. SBI Life has contributed towards
providing infrastructure equipment for the school like water cooler, projector
and angle racks. This is a step towards improving the conditions for the
children to study in.
Chandigarh Region reported a growth of 65.8% in its Rated Individual
New Business Premium, at Rs. 248.4 Crores in YTD September FY 17-18 as compared
to Rs. 149.9 Crores during the same period in YTD September FY 16-17. The Total
New Business Premium also saw a spike by 32%, at Rs. 281 Crores in YTD
September FY 17-18 as compared to Rs. 213 Crores during the same financial
period last year.
Speaking on the occasion, Arijit Basu, MD & CEO, SBI Life
Insurance, said that Chandigarh is one of the prime centers for
us, the establishment of new spacious well-equipped Regional Office compliments
the deepening of our presence in this region. Overall, SBI Life has been
performing very well, thereby strengthening its market share and other
performance parameters with an overall 48.1% growth in our Rated Individual New
Business Premium for YTD Sep FY17-18 as compared with the same period last year.
Through this newly launched RO, we aim to further smoothen the functioning of
business operations, enhance customer services as well as showcase our qualitative
need based offerings to existing and potential customers in the region.
Ravi Krishnamurthy, President–Zone 1, SBI
Life, on the occasion of the inauguration stated that, “This expansion is in
line with the company’s value focus on “Customer Centricity”. It will enable
better policy and claims servicing to the customers in Chandigarh region.
SBI Life provides work and earning opportunities
to 8065 plus local population in the Region through its 69 offices and a strong
workforce of around 926 employees. SBI Life distributes its products through a
strong network of over 7,139 well trained Insurance Advisors, 3,805 CIFs and 2,067
State Bank of India branches. The two Regional Rural Banks (RRBs) viz. Malwa Gramin
Bank and Ellaquai Dehati Bank, through their large network of 211 branches
across region, has helped insurance penetration in the region by distribution
of our products to the customers in the deep rural segment of the society.
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