Question
Karur Vysya Bank (KVB) partnered with which organization
to offer the new dual-benefit insurance product called Kshema Kisan Sathi?Solution
Karur Vysya Bank (KVB) partnered with Kshema General Insurance through a bancassurance alliance to offer a new dual-benefit insurance product called Kshema Kisan Sathi for rural customers. This partnership aims to support India's rural and agricultural economy by combining crop insurance with personal accident cover for farmers and other agri-focused customers. Product: Kshema Kisan Sathi is a dual-benefit insurance policy that combines crop insurance and personal accident cover. Focus: The initiative is designed to provide financial protection and resilience to the rural sector, including farmers and agri-entrepreneurs. Leveraging technology: The collaboration combines KVB's extensive rural banking network with Kshema's technology-driven solutions, which include satellite imaging and data analytics to help with risk assessment and claims management.Â
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