Shivalik Small Finance Bank (SSFB), has tied-up with Bengaluru-based insurtech company, Go Digit General Insurance, to provide insurance products through the bank’s network of branches across India. This tie-up will include health insurance plans, motor insurance, and home and shop insurance.
The partnership will enable over 4.5 lakh customers of Shivalik Small Finance Bank to instantly access and purchase from Digit’s offerings.
Harsh Mittal, Chief Financial Officer, Shivalik Small Finance Bank said, “At Shivalik, we are committed to constantly innovating and adding new products and services to expand our offerings to the underbanked masses. Our collaboration with Go Digit General Insurance will aid us in making the process of buying cover, submitting claims and receiving payments easier for our customers, supported by our digital distribution network which reaches the far ends of Bharat.”
Vijay Kumar, CEO and Principal Officer, Go Digit General Insurance, said, “Our partnership with Shivalik Small Finance Bank comes at a time when we are looking to expand our reach to newer markets with an aim to aid insurance penetration. The bank has a strong foothold in the northern states of the country and this association will help the bank’s customers in getting insured from a partner that believes in simplicity, transparency and hassle-free settlement of claims. Since inception, Digit has offered products with relevant covers by leveraging technology and we are certain that this will benefit the customers of Shivalik Small Finance Bank.”