Srinagar, August 17, 2026: Jammu & Kashmir Bank Limited has entered into a Corporate Agency Agreement with HDFC Life Insurance Company Limited to expand access to life insurance products for its customers through the bank’s branch network.

The agreement, signed on July 2, 2026, became effective from the same date. Under the arrangement, J&K Bank will service and solicit HDFC Life’s insurance products through its branches.

The bank also signed a similar corporate agency agreement with SBI Life Insurance Company Limited, marking a significant expansion of its bancassurance portfolio.

The partnerships are aimed at giving customers a wider choice of insurance solutions while strengthening J&K Bank’s cross-selling and third-party financial-services business. The move is also expected to support the bank’s efforts to diversify its fee-based income.

The latest tie-ups follow J&K Bank’s broader strategy of expanding its insurance distribution network. The bank had earlier renewed its corporate agency agreement with Bajaj Life Insurance Company for another three years.

With HDFC Life and SBI Life now added to its insurance distribution network, J&K Bank is positioned to offer customers greater access to life-insurance products alongside its regular banking services.

The development reflects the bank’s continued focus on customer convenience, financial inclusion and expanding its bouquet of financial products across Jammu & Kashmir and other areas served by the institution.