Canara HSBC Life ties up with GICHF to secure home loan borrowers, ET BFSI
Canara HSBC Life Insurance, on Monday introduced that it has entered a strategic distribution partnership with GIC Housing Finance (GICHF) to supply enhanced monetary safety options to GICHF’s home loan clients.
Via this partnership, Canara HSBC Life Insurance will supply its ‘Group Asset Secure’ product — a complete credit life insurance coverage plan—designed to guard debtors and their households in opposition to mortgage liabilities within the occasion of unexpected circumstances.
“Monetary safety is a vital element of accountable lending. For aspiring owners in India, it’s crucial that debtors have entry to options that safeguard their long-term monetary well-being,” stated Sachindra Salvi, MD and CEO, GICHF.
As per the corporate announcement, this partnership goals to help and allow India’s intent and ambition of proudly owning their very own properties. With GIC Housing Finance’s diversified buyer pool, the alliance will unlock a viable monetary safety provision for the shoppers of the corporate.
