HDFC Life and SATYA MicroCapital Ltd. Collaborate to Strengthen Financial Inclusion with Life Insurance

HDFC
Life
is
delighted
being
the
preferred

life
insurance
partner
of
SATYA
MicroCapital
Ltd.
which
will
help
in
improving
access
to
life
insurance
in
underserved
areas.
This
collaboration
underscores
the
importance
of
partnerships
in
addressing
the
financial
security
needs
of
diverse
population
and
expanding
access
to
life
insurance
in
regions
where
it
is
most
needed.

HDFC
Life
and
SATYA
MicroCapital
Ltd.
Collaborate
to
Strengthen
Financial
Inclusion
with
Life
Insurance

SATYA
MicroCapital
Limited
operates
across
26
states
and
nearly
350
districts
with
a
network
of
over
830
branches.
The
organisation
has
been
working
towards
bridging
the
financial
inclusion
gap
by
supporting
a
significant
number
of
rural
women
entrepreneurs
and
fostering
local
economies.
The
partnership
seeks
to
build
on
SATYA’s
existing
efforts
by
introducing
life
insurance
as
an
additional
layer
of
financial
security.

HDFC
Life
brings
a
diverse
portfolio
of
products
designed
to
meet
the
needs
of
individuals
across
different
demographics,
along
with
a
proven
record
of
delivering
on
its
promises,
as
reflected
in
a

claim
settlement
ratio
of
99.50%
for
FY24. The
partnership
aims
to
align
these
strengths
with
SATYA’s
grassroots
presence
and
technology-driven
approach
to
reach
previously
untapped
communities.

Sharing
his
views
on
the
collaboration,

Vivek
Tiwari
–
MD
&
CEO,
SATYA
MicroCapital
Limited,
stated,
“We
are
extremely
ecstatic
to
partner
with
HDFC
Life,
which
marks
a
significant
milestone
in
our
commitment
to
empowering
women
entrepreneurs
across
India.
By
integrating
life
insurance
services
into
our
offerings,
we
not
only
enhance
the
financial
security
of
our
clients
but
also
provide
them
with
the
tools
they
need
to
thrive
on
their
entrepreneurial
journeys.
This
collaboration
reflects
our
unwavering
commitment
to
supporting
women
in
achieving
their
dreams
while
ensuring
their
families
are
protected.
Together
with
HDFC
Life,
we
aim
to
create
a
robust
ecosystem
that
fosters
growth,
resilience,
and
sustainability
for
every
woman
entrepreneur
we
serve.”

Commenting
on
the
collaboration,

Vineet
Arora
–
Chief
Business
Officer
–
Distribution,
Data
&
Technology,
HDFC
Life,
commented,
“This
partnership
reflects
our
shared
vision
of
extending
financial
security
to
more
people
across
India.
SATYA
MicroCapital’s
work
in
promoting
financial
independence
and
inclusion
aligns
closely
with
HDFC
Life’s
mission
to
make
insurance
accessible
to
all.
Together,
we
aim
to
take
meaningful
steps
towards
achieving
the
broader
goal
of
‘Insurance
for
All
by
2047’.”