HDFC Bank signs MOU with Sanasa Insurance

HDFC Bank recently signed an MOU with Sanasa Insurance Company Ltd. in respect of granting life and total permanent disability insurance protection to the bank’s loan customers. This will be a value-added service which would provide further financial security to the loan customers of the Bank and their families. 

HDFC Bank Chief Executive Officer/General Manager Palitha Gamage and Sanasa Insurance Company Ltd. Deputy General Manager Wasantha Premalal Perera signed on behalf of the two organisations.

The association with Sanasa Insurance Company Ltd. will provide the HDFC Bank’s loan customers with the best-in class products and services beyond the normal loans. Accordingly, in case of an untimely demise or total permanent disability of a Bank’s loan customer, the loan repayment will not be an additional burden to his/her loved ones. 

Commenting on this partnership with Sanasa Insurance, the Bank’s CEO Palitha Gamage said, “This is the beginning of a long-term strategic relationship between HDFC Bank and Sanasa Insurance. Together we will provide value added services to our mutual customers while mitigating risks to our customers and the bank.” 

HDFC Bank is a specialised bank with a track record of over 34 years in providing Housing finance and related services. The bank’s recent product diversification resulted in the introduction of new credit schemes including Development Loans, Gold Loans and Vehicle Leasing. 

HDFC operates with 39 branches covering all districts of the country. The Bank’s mobile banking operation serves over 150 townships in the country. The Bank has embraced modern technology to keep abreast with new technological developments and to best serve its constantly increasing volume of customers.