The Business Bytes
TBB BUREAU
PURI, APRIL 11, 2022
SBI Life Insurance on Monday announced the inauguration of its new branch office in Puri, Odisha. The objective behind this is to make life insurance easily accessible to all across the state. The new branch office, located at Grand Road, will be a new touch point for the residents of the region in accessing SBI Life’s comprehensive insurance solutions.
Odisha Additional Chief Secretary Pradeep K Jena inaugurated the new branch office in presence of Amit Kumar Saha, Regional Director-Bhubaneswar Region, SBI Life Insurance and Sankarsan Mallik, AGM, Regional Manager, Puri region.
Through need-based selling, the new branch aims to connect with the residents and give them exposure to a broad spectrum of insurance solutions.
Besides providing insurance products, the new branch will take care of policy servicing, policy renewals and claims related queries. This apart, it will also offer additional facilities like WhatsApp services for timely and effective communication to customers, sharing renewal receipts through the link; Missed Call services for existing customers to know about Fund value and Premium paid certificate; SMS services to provide policy status details, renewal details, assist in registering email id, PAN number, and much more.
The pandemic witnessed significant growth in the life insurance sector globally and in India. According to the Economic Survey 2021-2022, life insurance penetration in the country rose to 3.2 per cent in the year 2020 up from 2.82 per cent in 2019. This figure proves that there is a great demand for life insurance in India.
SBI Life Insurance, through the new branch office, plans to educate the general public about the importance of insurance and thereby bring more and more people under insurance coverage through its comprehensive array of products and strong distribution network.
