Karnataka Bank Ltd. successfully organized its Third Party Products (TPP) Conference at its Head Office in Mangaluru on 06-06-2026. The conference was chaired by Shri Raghavendra S Bhat, Managing Director & CEO of the Bank.
Shri Raghavendra S Bhat highlighted the significant transformation in the insurance industry over the past decade and emphasized the need to encash opportunities under TPP for Fee-based Income. He stressed the importance of strengthened regulatory focus on customer protection, transparency, and governance, and underscored the critical role of ethical and need-based selling practices. He also pointed to the increasing importance of technology adoption and data-driven decision-making.
Furthermore, he reiterated the Government of India's vision of 'Insurance for All by 2047' and stressed the need for stronger collaboration between banks and insurance partners to achieve this objective through enhanced accessibility, awareness, and responsible distribution.
The conference covered several key areas: emerging industry trends and market opportunities; regulatory developments and compliance expectations; ethical, transparent, and customer-centric selling practices; sharing of best practices and successful business models; region-wise and product-specific growth strategies; product customization and enhanced customer engagement; leveraging analytics and technology for business expansion; and strengthening collaboration between Bank teams and partners.
Senior officials from the following insurance companies participated in the conference: PNB MetLife India Insurance Company Ltd., LIC of India, Bharti AXA Life Insurance Company Ltd., HDFC Life Insurance Co. Ltd., Bajaj Life Insurance Co. Ltd., Universal Sompo General Insurance Company Ltd., Bajaj General Insurance Company Ltd., and ICICI Lombard General Insurance Company Limited.