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Bajaj Allianz partners DBS Bank India to provide Life insurance services
NEW DELHI: Bajaj Allianz Life Insurance and DBS Bank India have announced the formation of a strategic alliance to offer life insurance options to customers of the bank.
Customers who are new and old across the banks with more than 555 branches can pick from Bajaj Allianz’s retail offerings, which include savings, term, investments, and retirement products.
Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance and Prashant Joshi MD & Head, Consumer Banking Group, DBS Bank India together with other executives from both firms and signed a corporate agent arrangement in Mumbai.
“I’m confident that with our collective focus on customer delight the team will set higher benchmarks in the industry, while enabling many more life goals,” Chugh said. Chugh.
“Our collaboration together with Bajaj Allianz Life will pave the way for all DBS Bank customers to enjoy the most comprehensive life insurance options from end-to-end. Customers in the 550+ physical networks of DBS and customers of the digibank can avail all of the options by going to any branch or only a click on the application,” explained DBS Bank India’s Joshi.
Bajaj Allianz Life Insurance in strategic alliance in strategic partnership City Union Bank
NEW DELHI: Bajaj Allianz Life Insurance has signed an alliance together with City Union Bank to offer a variety of life insurance products for customers of the lender in their seven27 branch locations.
“Our collaboration in partnership with City Union Bank will further enable us to expand our presence across the southern states and further. Our extensive range of life insurance products, supported by high-quality digital and technological solutions, will allow City Union Bank customers, in a variety of categories to achieve their goals for life with ease and in a cost-effective method,” said Tarun Chugh MD & CEO, Bajaj Allianz Life Insurance.
With this collaboration, City Union Bank customers will be able to meet their long-term financial goals through investing in Bajaj Allianz Life’s high-quality offerings that span from term savings investments, retirement and much more.
“As as per the Open Architecture of Irdai, when CUB (City Union Bank) decided to join forces with a different life insurance provider to provide more options to customers with their life insurance requirements, Bajaj Allianz Life emerged as a natural option. This alliance will enable us provide the best insurance products that fulfill requirements of the Life Goals of our customers and help them prepare for a financially safe future with us,” explained N Kamakodi, MD & CEO, City Union Bank said,