Canara HSBC Life Insurance Company has collaborated with GIC Housing Finance to offer credit life insurance solutions to home loan borrowers. Through this partnership, borrowers will gain access to Canara HSBC Life Insurance’s ‘Group Asset Secure’ plan, a specialised product designed to mitigate financial risks associated with home loans.
Commenting on the collaboration, Sachindra Salvi, Managing Director and CEO, GIC Housing Finance, highlighted the significance of financial security in home financing. He stated, “Ensuring financial protection is a vital aspect of responsible lending. This partnership aligns with our vision of offering holistic financial solutions that empower customers to achieve their homeownership dreams with confidence.”
The initiative underscores both organisations’ commitment to promote home ownership while ensuring financial security. By embedding credit life insurance within the home financing process, the partnership aims to provide borrowers with peace of mind, knowing that their families are financially protected in case of unfortunate events.
Rishi Mathur, Chief Distribution Officer, Alternate Channels and CMO, Canara HSBC Life Insurance, reinforced the company’s focus on financial resilience. He noted, “Partnering with GIC Housing Finance is a step towards integrating robust financial security solutions into the home loan ecosystem. Our goal is to safeguard borrowers and their families against financial uncertainties, ensuring long-term stability.”
This partnership reflects a commitment to customer-centric financial solutions, combining GIC Housing Finance’s lending expertise with Canara HSBC Life Insurance’s offerings. By incorporating credit life insurance into the home loan process, the two organisations are reinforcing the importance of financial protection alongside housing finance, creating a more secure landscape for borrowers.
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