As one of the leading financial groups in Mauritius, SBM has always strived to address the financial needs of its clients through a comprehensive set of products and services. In this spirit, SBM Insurance Agency complements the group’s offering by facilitating access to insurance products. Over the years, the company has built an extensive portfolio of products and services to cover the needs of both individual and corporate customers. Mr. Anil Gujjalu, Head of Projects and SBM Insurance Agency, gives us an overview of SBM Bancassurance’s competitive edge based on its growing catalogue of products.
“SBM Insurance Agency, commonly referred to as SBM Bancassurance, is licensed and regulated by the Financial Services Commission, allowing us to sell Bancassurance products and services to bank and non-bank customers. This provides greater convenience to our customers who have a wide range of insurance products from leading Insurance Providers in Mauritius to choose from,” he says.
SBM Bancassurance portfolio comprises two main types of insurance products for individuals: Life Assurance and General Insurance. “We provide a range of life protection covers, endowment plans, education, health and retirement plans, as well as car and home content insurance. For the corporate market, we offer a broad range of products and services that include motor insurance, plant & machinery, building, employee and public liability insurance, group health & personal accident among others. Thanks to our partnership with leading insurance providers in Mauritius, we constantly update our products portfolio to meet the growing needs and requirements of the market, both for individuals and corporates,” adds Mr. Anil Gujjalu.
SBM Bancassurance offers numerous benefits to customers, building on the strength and positioning of the SBM Group on both the local and international markets. “Customers can enjoy the advantages of having a complete financial services solution when visiting their Relationship Officers. With our wide range of products and services, we also offer a broader choice to customers, where they can purchase the right insurance cover to secure their loan or insure their vehicles after their car loan/lease has been approved. This one-stop-shop approach helps customers receive quotes from multiple Insurance Providers to compare and choose from, with the added benefit of saving time,” says the Head of SBM Insurance Agency.