SBI Life inaugurates SBI Life Bhavan in Aurangabad

SBI Life has strategically expanded its Aurangabad Area office, with an independent premises aptly named as “SBI Life Bhavan” at plot no. 17, Welcome Nagar, Sutagiri Chowk, Aurangabad – 431001. The new building was inaugurated by Mr. Arijit Basu, MD & CEO, SBI Life Insurance, in the presence of Mr. Anand Pejawar, Executive Director, Marketing, SBI Life Insurance, Mr. Dibakar Mohanty, General Manager Network-III, State Bank of India – Mumbai Circle and Dr. V. S. Kumar, Regional Director, Mumbai Region, SBI Life Insurance.

Upbeat on its business in Aurangabad, this newly opened office is the 15th full services branch in Aurangabad and 71st in thye Mumbai region. Aurangabad Area contributed 21% to new business premium of Mumbai region YTD December 2014 and has sustained its share of 21% year on year.

Mr. Arijit Basu, MD & CEO, SBI Life Insurance, on the occasion, said "Our approach to being a customer centric organisation is further cemented with the inauguration of this new Area office at a dedicated premises, “SBI Life Bhavan”. This new premises will offer all products and services to our customers under one roof and is projected to be the one stop shop for all Life Insurance needs in Marathwada area."

Speaking on the inauguration of this new branch office at Aurangabad, Mr. Anand Pejawar, Executive Director, Marketing, SBI Life Insurance said, "The opening of this Area office looking after the entire Marathwada operations is aimed to facilitate and provide better services to our existing customers, while offering unique Insurance solutions to potential clientele within the region."

In Aurangabad, SBI Life distributes it's products through over 2,000 strong and well trained Insurance Advisors (IAs) from 15 full-service SBI Life branches. In addition, SBI Life also reaches out to it's customers through a huge network of over 300 bank branches of State Bank of India (SBI) and it's 5 Associate Banks.

The city of Aurangabad is touted as a fast emerging destination with diverse industries such as automobiles, pharmaceuticals and financial services setting up base. In recent times, multi-national corporations have also invested heavily in the city’s infrastructure and manpower. It is considered the hub for unmatched talent potential and professional efficiencies that industries deem as necessary.