HDFC Stan­dard Life Signs Up In­di­a­b­ulls as Corp Agency

The Economic Times - - Companies: Pursuit Of Profit - Saloni.Shukla@ times­group.com

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.

AMITABHCHAUDHRY

MD & CEO at HDFC Life.

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