Media Release

Mangaluru, Jun 6: Karnataka Bank Ltd successfully organised its third-party products (TPP) Conference at its head office in Mangaluru on Saturday, June 6, bringing together senior leadership, regional teams and channel partners to outline the strategic roadmap for the financial year 2026–27.

Chairing the conference, Raghavendra S Bhat, managing director & CEO, highlighted the significant transformation in the insurance industry over the past decade. He emphasized:

• Need for enchasing opportunities under TPP for fee-based income.

• Strengthened regulatory focus on customer protection, transparency, and governance

• The critical role of ethical and need-based selling practices

• Increasing importance of technology adoption and data-driven decision-making

Raghavendra S Bhat further 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:

• 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

• Strengthening collaboration between bank teams and partners

Senior officials representing 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 participated in the conference.