AU Small Finance Bank, Bajaj Allianz Insurance partner to offer insurance products

11 Sep 2023 , 10:00 AM

AU Small Finance Bank and Bajaj Allianz Life Insurance have formed a strategic alliance to provide customers of the small finance bank with access to Bajaj Allianz Life’s life insurance products.

At an event in Mumbai on Friday, Uttam Tibrewal, Executive Director of AU Small Finance Bank, and Tarun Chugh, MD & CEO of Bajaj Allianz Life Insurance, signed the agreement and announced their strategic alliance.

Through life insurance products supplied by Bajaj Allianz Life Insurance, AU Small Finance Bank intends to use technology-based solutions for its consumers.

Customers of the small finance bank can access Bajaj Allianz Life’s retail products, which include term, savings, retirement, and investment plans. 

Furthermore, the life insurance will collaborate closely with the bank to provide consumers with seamless service alternatives, including responding to queries via Whatsapp and ChatBot on AU digital platforms, the firms said in a statement.

Through this partnership, the company will be able to offer its value-packed and innovative life insurance products to a significantly larger customer base across the bank’s 1038 touchpoints.

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