Kochi, 30 November, 2018: Today, Bajaj Allianz Life, one of Indiaâ€™s leading private life insurers,Â announced its strategic partnership with Kerala-based ESAF Small Finance Bank that will enableÂ several individuals to further enjoy the benefits of the organised financial services sector. BajajÂ Allianz Lifeâ€™s signed the Corporate Agency MoU with ESAF Small Finance Bank at an event held inÂ the city.
With this partnership, ESAF SFB will further expand its financial services suite to its growingÂ customer-base. They will offer life insurance benefits that will enable their customers to achieveÂ their life goals in a more planned manner. Bajaj Allianz Life will empower, both existing and new,Â ESAF SFB customers with value packed solutions, including customised life insurance productsÂ linked with savings.
Through this strategic partnership, Bajaj Allianz Life products and solutions will be available acrossÂ India through the banking outlets of ESAF SFB.
Speaking on the strategic partnership with ESAF SFB, Tarun Chugh, MD & CEO, Bajaj Allianz LifeÂ Insurance, said, â€œWe are delighted to partner with ESAF SFB and offer our products to theirÂ expanding customer base. Today, Bajaj Allianz Life has become a name to reckon with when itÂ comes to providing the living benefits of life insurance. ESAF SFBâ€™s expertise and insights on theirÂ customerâ€™s will further help us fine tune our offerings to best suit their customersâ€™ needs.â€
Mr. K Paul Thomas, MD & CEO, ESAF Small Finance Bank, said, â€œOur vision is to provide theÂ benefits of formal financial services to as many Indians as we can. We are happy to have BajajÂ Allianz Life on board to us to help our customers â€“ existing and new â€“ understand the value of lifeÂ insurance better, and thereby make a more informed decision on why it is essential for them.
Their customised products and services will ensure our customers get what they are looking forÂ when it comes to buying life insurance.â€
Products and Services
Bajaj Allianz Life is continuously developing its portfolio to introduce products that will helpÂ customers achieve their life goals. These life goals may range from financially securing the futureÂ of their family, or investing towards a long term financial goal or enabling them to better manageÂ expenses related to critical illnesses.
Today, the company is bringing forth innovative life insurance products for its customers, and willÂ do the same for ESAF SFB customers.