HDFC Bank signs MOU with Fairfirst Insurance

HDFC Bank CEO/GM Palitha Gamage exchanges the copies of the signed MOU with Fairfirst Insurance Managing Director and CEO Dr. Sanjeev Jha 

HDFC Bank recently signed an MOU with Fairfirst Insurance Ltd. for the provision of Life and Total Permanent Disability insurance covers to the Bank’s loan customers. This value-added feature will further enhance the financial security and peace of mind of the Bank’s loan customers and their loved ones. HDFC Bank Chief Executive Officer/General Manager Palitha Gamage and Fairfirst Insurance Ltd. Managing Director and CEO Dr. Sanjeev Jha signed on behalf of the two organisations.

The partnership with Fairfirst Insurance Ltd. ensures that the HDFC Bank’s loan customers are provided with best-in class products and services which is a step beyond the normal granting of loans. In case of an untimely demise or Total Permanent Disability of a loan customer the loan repayment will not become an additional burden to his/her loved ones. Commenting on this partnership with Fairfirst Insurance Ltd. HDFC Bank’s CEO Palitha Gamage said, “We are extremely happy to enter into this partnership with a very professional insurer like Fairfirst Insurance and this enable us to provide more value addition to our clients.” 

HDFC Bank is a specialised bank with a track record of over 34 years in the provision of Housing and related financial services. The bank’s recent product diversification resulted in the introduction of new credit schemes including Development Loans, Gold Loans and Leasing. HDFC operates with 39 branches covering all districts of the country. Further the bank’s mobile banking operation serves over 150 townships in the country. The bank has embraced modern technology to keep abreast with new technological developments and to better serve its rapidly increasing customer base with cutting edge banking solutions.