Royal Sundaram General Insurance has launched its flagship life insurance plan ‘Lifeline’, to Standard Chartered Bank’s Indian customers through the bancassurance route. Royal Sundaram will leverage its partnership with the bank to offer the plan to its corporate and retail customers.
“We have a long-standing relationship with Standard Chartered Bank, spanning almost 15 years largely due to synergies in our vision and commitment. We both believe in providing value to our customers by understanding their needs and risk profile and providing innovative, cost effective, customised solutions to ensure total customer satisfaction. I am sure our portfolio, now strengthened with the addition of Lifeline, will help us together take the partnership to the next level and script yet another winning story”, M.S. Sreedhar, Managing Director, Royal Sundaram General Insurance Co. Limited said in a statement .
The sum assured in the Lifeline plan ranges from Rs 2 lakhs to Rs 1.5 crore. The cover has three sub-plans to choose from–Classic, Elite and Supreme with varying benefits and premiums. The tax-saving plan all ages and has family floater benefits.
