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SBI Life to bring retail loans under one head

Reports say that SBI Life Insurance will revamp its offerings in the credit life range by bringing all retail loans under one umbrella.

Apnaloan.com Research Bureau

22 Aug 2007

SBI Life Insurance plans to revamp its offerings in the credit life range by bringing all retail loans under one umbrella.

With the launch of this group credit protection product, the bank targets the total premium income of Rs 500 crore by the end of fiscal 2007-08, reports Business Standard.
 
This group insurance scheme will integrate its current and newer products to broaden SBI Life's retail base. The company will raise the limit of the non-medical cover from Rs 20 lakh to Rs 35 lakh to attract more retail customers.