AU Small Finance partners Bank Bajaj Allianz Life Insurance to offer insurance products
BCCL
Synopsis
AU Small Finance Bank has partnered with Bajaj Allianz Life Insurance to provide its customers with access to insurance products. The strategic partnership aims to expand the bank's financial offerings and aid customers in financial planning. Customers will be able to avail of retail products including term, savings, retirement, and investment products.
By ET Online
AU Small Finance Bank and Bajaj Allianz Life Insurance has entered into a strategic partnership, which will help the small finance bank's customers to get access to Bajaj Allianz Life’s life insurance products.
"As we expand our financial offerings in the bancassurance segment, our goal was to partner with a life insurance partner that can complement our products and aid customers in financial planning," Tibrewal said.
AU Small Finance Bank aims to leverage technology-based solutions for its customers through life insurance products offered by Bajaj Allianz Life Insurance.
The small finance bank's customers can avail of Bajaj Allianz Life’s retail products including term, savings, retirement, and investment products. Furthermore, the life insurer will also work closely with the Bank to offer seamless service options to the customers, including response on queries using Whatsapp, ChatBot on AU digital platforms, the companies said in a statement.
"This partnership will make our value-packed and innovative life insurance products available to a significantly larger customer base across the 1038 touchpoints of the bank," Chugh said.
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Uttam Tibrewal, Executive Director of AU Small Finance Bank and Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, signed the agreement and announced their strategic partnership at an event in Mumbai today."As we expand our financial offerings in the bancassurance segment, our goal was to partner with a life insurance partner that can complement our products and aid customers in financial planning," Tibrewal said.
AU Small Finance Bank aims to leverage technology-based solutions for its customers through life insurance products offered by Bajaj Allianz Life Insurance.
The small finance bank's customers can avail of Bajaj Allianz Life’s retail products including term, savings, retirement, and investment products. Furthermore, the life insurer will also work closely with the Bank to offer seamless service options to the customers, including response on queries using Whatsapp, ChatBot on AU digital platforms, the companies said in a statement.
"This partnership will make our value-packed and innovative life insurance products available to a significantly larger customer base across the 1038 touchpoints of the bank," Chugh said.
(You can now subscribe to our Economic Times WhatsApp channel)
