HDFC Lifestyle and Lokmanya Multipurpose Cooperative Modern society Ltd. Enter into a Company Agency Tie-up
HDFC Lifestyle, 1 of India’s foremost insurers, and Lokmanya Multipurpose Cooperative Culture have entered into a corporate company tie-up that would enable the latter to distribute life insurance coverage goods of HDFC Lifetime to its shoppers.
L-R Mr. Sameer Yogishwar – Group Head Bancassurance, Alliances, Group Safety & Funds, HDFC Everyday living and Mr. Kiran Thakur, Founder & Chairman, Lokmanya Multipurpose Cooperative Modern society
Set up in August 1995, Lokmanya Multipurpose Cooperative Society has much more than 200 branches across four states – Karnataka, Maharashtra, Goa & Delhi and provides numerous fiscal goods for expense.
There is a require to improve the reach of existence insurance plan to a important portion of the Indian population and this tie-up is a stage in that route. HDFC Lifetime presents a vast range of everyday living insurance policy products, developed to meet several life phase requirements of people. By this new partnership, HDFC Everyday living could contribute further towards rising existence insurance coverage penetration.
In FY 2023, HDFC Everyday living has secured a lot more than 68 million life with an total assert settlement ratio of 99.7%.
Speaking about the new affiliation, Abhijit A. Dixit – Chief Government Officer, Lokmanya Multipurpose Cooperative Modern society explained, “I am thrilled to announce a significant milestone for our organisation – a new corporate tie-up with HDFC Daily life. This collaboration makes a strategic partnership aimed at boosting the value we offer to our shoppers and staff members alike.”
“This alliance demonstrates our devotion to offering unparalleled assistance and customer positive aspects. By partnering with HDFC Daily life, we anticipate our offerings to offer increased benefit and help to our clientele. This partnership signifies an important stage forward in our journey in the direction of excellence. Jointly with HDFC Everyday living, we are assured to accomplish larger heights and empower our workforce and customers alike.”
Talking on the start, Suresh Badami – Deputy Taking care of Director, HDFC Lifetime stated, “We are pleased to announce our partnership with Lokmanya Multipurpose Cooperative Society. This is a further phase in direction of accomplishing India’s vision of ‘Insurance for All’ by 2047. We hope to leverage our distribution strength and consider our coverage alternatives to their entire consumer base and insert worth to the partnership.”
