Private life insurer Bharti AXA Life Insurance has entered into a bancassurance partnership with Shivalik Small Finance Bank for the distribution of its life insurance products through the bank’s pan-India network of branches. This alliance is a part of the bank’s various measures towards financial inclusion and acceleration of wealth creation for its customers.
Under this agreement:
- Bharti AXA Life Insurance will offer its suite of life insurance products, including protection, health, savings and investment plans, to customers of Shivalik Small Finance Bank across its 31 branches and digital network across the country.
- This alliance will enable over 4.5 lakh customers of Shivalik Bank to access the range of products offered by the company to provide financial security.
Important takeaways for all competitive exams:
- MD and CEO of Bharti AXA Life Insurance: Parag Raja;
- Bharti AXA Life Insurance Founded: 2005.