HDFC Standard Life Signs Up Indiabulls as Corp Agency
Mumbai: HDFC Standard Life Insurance, the country’s second-largest private insurer by new business, has tied up with Indiabulls Housing Finance for a corporate agency agreement. As part of the tie up, Indiabulls Housing Finance will distribute HDFC Life retail insurance products to its customers.
Corporate agents are entities that solicit insurance policies for insurers. Agents are individuals doing the same job. Last year, the insurance regulator Irda had paved the way for an open architecture, allowing corporate agents like banks and non-banking finance companies to offer insurance policies of more than one company.
MD & CEO at HDFC Life.