MUMBAI: RBL Bank and Bajaj Allianz Life, Wednesday partnered to offer customised life insurance solutions to the bank’s customers.
“Under this partnership, Bajaj Allianz Life will make available all its retail products to the RBL Bank’s customers including term, savings, retirement and investment products,” the two companies in a statement said.
The corporate agency agreement was signed between both the organisations in Mumbai.
Through the alliance, RBL Bank will expand its financial services portfolio to its 7.5 million customers offering Bajaj Allianz Life’s value-packed life insurance solutions to its customers. Bajaj Allianz Life through its new-age life insurance solutions will empower the bank’s new and existing customers to avail the living benefits of life insurance.
RBL Bank’s customers can choose from different insurance plan based on their requirements from any of the bank’s 1,616 offices, the statement added.
“We are excited to extend the living benefits of life insurance to RBL Bank’s widespread customer base. I’m confident that our customised insurance solutions and customer-focused digital services will not only enhance the overall experience the customers will enjoy, but also help our partnership grow from strength to strength,” Tarun Chugh, MD & CEO, Bajaj Allianz Life said.
“This partnership leverages our combined strength to provide a comprehensive suite of financial solutions to our customers. Bajaj Allianz Life’s innovative life insurance products will enable our customers to plan better towards a more financially secured future,” Surinder Chawla, Head – Retail Liabilities and Wealth Management, RBL Bank said.