BANKIT recently tied up a corporate Agency partnership with LIC (Life Insurance Corporation of India) and SBI General Insurance, two of India's insurance giants. This collaboration aims at revolutionising the way insurance services are delivered in the remotest corners of the country. 

BANKIT’s partnership with LIC and SBI General Insurance comes with two facets. Firstly, it will directly impact the income streams for BANKIT Agents. Agents will now can offer their customers a wide range of insurance services, including life insurance and general insurance policies. This diversification of services will not only increase the income of agents but also empower them to become comprehensive financial service providers in their communities. 

This collaboration will bridge that gap by bringing essential insurance coverage to the doorsteps of rural families. Families will have life insurance security, and individuals will have access to general insurance products that protect against unforeseen events.

“We are confident that our collaboration with LIC and SBI General Insurance will be a game-changer in the FinTech and insurance sectors,” said Amit Nigam, executive director & COO.

He further added, “ By combining our extensive agent network with the trusted brand names of LIC and SBI General Insurance, we are not only increasing financial inclusion but also improving the quality of life for countless individuals. This partnership aligns perfectly with our mission to empower the underserved and transform rural India into a financially resilient and prosperous community”.  

BANKIT is an assisted B2B2C start-up which aims to help citizens experience the easiest, fastest, and safest digital payment platform under one roof.