SBI Life Insurance and Jammu & Kashmir Bank (J&K Bank) enter corporate agency tie-up to offer insurance solutions across India

Exam-focused facts from the 12 August 2026 current affairs briefing.

Key facts

SBI Life Insurance and Jammu & Kashmir Bank (J&K Bank) have entered into a strategic corporate agency tie-up to offer life insurance solutions across India.
Under the tie-up, over 1,000 branches of J&K Bank will offer SBI Life's entire suite of protection, savings, retirement, and child plans.
The partnership aims to strengthen financial security and expand insurance coverage in regions including Jammu and Kashmir and Ladakh.
The corporate agency agreement was signed by Budhaditya Banerjee, Regional Manager – Institutional Alliances (Chandigarh Region), and Masood Ahmad Lankar, DGM Cross Selling at J&K Bank.
The initiative aligns with the Insurance Regulatory and Development Authority of India's (IRDAI) goal of achieving 'Insurance for All by 2047'.