India personal sector lender Federal Financial institution has entered a bancassurance partnership with Tata AIA Life Insurance coverage, aiming to supply a variety of life insurance coverage merchandise to its prospects.
The collaboration is about to leverage Federal Financial institution’s intensive community to reinforce Tata AIA’s market presence.
Federal Financial institution government director Shalini Warrier mentioned: “We’re happy to announce a strategic Company Company Bancassurance partnership with Tata AIA Life Insurance coverage Firm.
“This partnership goals to deliver the very best of insurance coverage merchandise to our valued prospects. The approaching collectively of those two revered manufacturers displays our dedication to at all times exceeding buyer expectations.”
The alliance is poised to profit Federal Financial institution’s buyer base by offering entry to Tata AIA’s various portfolio of life insurance coverage options, together with time period insurance coverage, financial savings and wealth creation plans, in addition to retirement and pension options.
Prospects may make the most of merchandise corresponding to Param Rakshak, which supplies a mix of excessive life cowl, market-linked returns, and well being and wellness advantages.
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Tata AIA Life Insurance coverage is a three way partnership between Tata Sons and AIA Group.
Tata AIA Life Insurance coverage bancassurance chief distribution officer Ramesh Viswanathan mentioned: “At Tata AIA, our endeavour is to associate with our shoppers, giving them entry to best-in-class life insurance coverage options, backed by an empathy-led service expertise, to allow them to stay a fikar-free life.
“We’re delighted to enter a long-term relationship with a reputed and technology-savvy financial institution like Federal Financial institution. This affiliation will allow us to supply our various insurance coverage options to the financial institution’s prospects, empowering them to fulfil their aspirations and safe their family members throughout all phases of life.”
