SBI Life Insurance opens its regional office in Vijayawada

Vijayawada: State Bank of India (SBI) Life Insurance inaugurated new Regional Office (RO) for the Andhra Pradesh region at Sri Hari Towers, KP Nagar here on Thursday.

Sanjeev Nautiyal, MD and CEO, SBI Life Insurance, inaugurated the Vijayawada RO in the presence of Mani Palvesan, Chief General Manager, SBI, Amaravati Circle, M Anand, President, Zone II, SBI Life, Ganesh V, Regional Director, Andhra Pradesh Region, SBI Life and other dignitaries from State Bank of India and SBI Life Insurance.

Speaking on the occasion, Sanjeev Nautiyal, said, “With the advent of adverse health implications of lifestyle changes, there is an increased awareness on holistic protection solutions through insurance. Consumers are no longer looking at insurance as mere tax saving instruments.” 
 
He said that SBI Life was one of the leading private life insurers in Andhra Pradesh with 34.2 per cent market share among all private life insurers.