Insurance 10-Dec-22
Bajaj Allianz Life Insurance joint hands with TMB to offer its products
Bajaj Allianz Life Insurance and Tamilnad Mercantile Bank (TMB) have announced a partnership for bancassurance.
Tamilnad Mercantile Bank has partnered with life insurance firm Bajaj Allianz Life Insurance to offer its retail products to customers, the bank said on Saturday.
New and existing customers of the bank would be able to avail the services of Bajaj Allianze Life offerings include savings, retirement and investment products under this strategic partnership.
Tamilnad Mercantile Bank Managing Director and CEO S Krishnan and Bajaj Allianze Life Insurance MD Tarun Chugh, signed the agreement and announced their strategic partnership, according to a statement.
"We are pleased to enter into a partnership with Tamilnad Mercantile Bank. I am happy to share that we are aligned across several business parameters, the most essential being fulfilling customers' long-term financial goals through simple yet effective products, in a seamless and transparent manner" Chugh said on the tie-up with the bank.
"I am confident that this collective synergy will enable us to build on a long-lasting partnership, which will also benefit everyone within our eco-system," he said.
Tamilnad Mercantile Bank Ltd has 509 branches, 12 regional offices across 16 states and four union territories.
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