Bajaj Allianz Life Insurance Announces Strategic Partnership with City Union Bank.
Bajaj Allianz Life Insurance, one of India’s leading private life insurers, has entered into a strategic partnership with City Union Bank, one of the oldest private sector banks in India, to offer a wide array of life insurance solutions to the bank’s existing and future customers, across their 727 branches. Mr. Tarun Chugh – MD & CEO, Bajaj Allianz Life Insurance and Dr. N Kamakodi – MD & CEO, City Union Bank signed the agreement in Chennai, today.
Through this partnership, City Union Bank customers will be able to fulfil their long-term financial goals by investing in Bajaj Allianz Life’s value-packed products ranging from Term, Savings, Retirement, Investment solutions and more.
Speaking on the occasion, Mr. Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance said, “I’m confident that through this prestigious partnership, we will be able to take the many benefits of life insurance, to many more customers. Our partnership with City Union Bank will further help us expand our footprint in the southern states, and beyond. Our suite of comprehensive life insurance products, backed by robust technology and digital solutions, will enable City Union Bank customers, across various segments, to fulfill their life goals in a simple yet effective manner.”
Dr. N Kamakodi – MD & CEO, City Union Bank said, “Our partnership with Bajaj Allianz Life Insurance is proof of our endeavor to offer end-to-end financial solutions to our wide base of customers. As per the Open Architecture of IRDAI, when CUB wanted to tie-up with one more Life Insurance Company to provide additional options to customers for their life insurance needs, Bajaj Allianz Life emerged as a natural choice. This strategic association will help us offer best-in-class insurance products that meet the Life Goals of our customers and enable them to plan for a more financially secure future with us.”