HDFC announces Muthoot capital as corp agent
HDFC Standard Life announces Muthoot Capital Services Ltd as their corporate agent for distribution of life and pension products.
By PTI |
KOCHI: HDFC Standard Life, a leading private life insurance player in the Indian market, on Thursday announced Muthoot Capital Services Ltd as their corporate agent for distribution of life and pension products.
As part of this association, Muthoot Capital Services Ltd, will be using groups strong base of 600,000 live customers to distribute HDFC Standard Life's life insurance and pension products in Kerala and other states in a phased manner, HDFC said in a press release here.
John Thomas Muthoot, Chairman, Muthoot Pappachen Group, said the group was confident that the products from HDFC Standard Life will find favour with its customers.
Muthoot is working on innovative ways to take life insurance to the masses, he said.
Suresh Mahalingam, General Manager Sales and Marketing, HDFC Standard Life, said it has 61 branch locations across Kala. Nationally, HDFC Standard Life Insurance covers about 700 cities and towns through its offices in India with nearly 100,000 financial consultants appointed by the company.
HDFC Standard Life Insurance has tied-up with banks, NBFCs and other sales intermediaries for the distribution of their life and pension products.
As part of this association, Muthoot Capital Services Ltd, will be using groups strong base of 600,000 live customers to distribute HDFC Standard Life's life insurance and pension products in Kerala and other states in a phased manner, HDFC said in a press release here.
John Thomas Muthoot, Chairman, Muthoot Pappachen Group, said the group was confident that the products from HDFC Standard Life will find favour with its customers.
Muthoot is working on innovative ways to take life insurance to the masses, he said.
Suresh Mahalingam, General Manager Sales and Marketing, HDFC Standard Life, said it has 61 branch locations across Kala. Nationally, HDFC Standard Life Insurance covers about 700 cities and towns through its offices in India with nearly 100,000 financial consultants appointed by the company.
HDFC Standard Life Insurance has tied-up with banks, NBFCs and other sales intermediaries for the distribution of their life and pension products.
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