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The SAVE is now sailing with BANK OF INDIA as BC (Business correspondent)which is a good news for BANK OF INDIA aspirant. Now, it has been started in Bihar, Jharkhand and UP.

 

SBI Life insurance

When the government of India opened the life insurance sector to private companies, SBI started SBI Life as a joint venture with BNP Paribas in 2001. While in its initial stage its business was mainly from bancassurance channel, now it is developing its own agency team for selling its life insurance products.

 

LIC insurance

SAVE has recently partnered with Life Insurance Corporation of India (LIC) to be able to provide Micro Insurance policies at kiosks itself.

 

Life Insurance Corporation of India(LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of INR1560481.84 crore. As of 2013 it had total life fund of Rs.1433103.14 crore with total value of policies sold of 367.82 lakh that year.

 

The company was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation.

Latest News
One CSP opened in LAUNDH NAWADAH
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the SAVE has opened a CSP of SBI in LAUNDH in the
2014-02-11 13:45:28

Bank of Indias CSP opens
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One new CSP of Bank of India is to be opened in Sh
2014-02-11 13:46:03

Bihar Innovation Forum
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SAVE got first prize in bihar innovation forum 201
2014-02-11 13:47:22

SAVE times
THE SAVE is now sailing with BANK OF IND
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THE SAVE is now sailing with BANK
OF INDIA as...

2014-02-11 13:48:51

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