New Delhi: Customers of Ujjivan Small Finance Bank will now be able to access insurance services along with banking facilities, eliminating the need to approach separate insurance providers for their requirements. The bank has entered into a strategic partnership with Tata AIG General Insurance to make insurance solutions more accessible and convenient for its customers.
The collaboration aims to provide a seamless experience by combining Ujjivan Small Finance Bank’s extensive banking network with Tata AIG’s expertise in the insurance sector. Through this partnership, customers will be able to explore insurance solutions based on their individual needs while availing banking services.
Hitendra Jha, Head – Retail Liabilities, TASC and TPP, Ujjivan Small Finance Bank, said the bank has consistently focused on expanding its services in line with customer requirements. He added that the partnership will enable customers to benefit from the bank’s wide reach and Tata AIG’s insurance expertise, helping more people access reliable insurance products.
Ezhilarasan Ramalingam, Head – Bancassurance, Tata AIG General Insurance, said the company’s objective is to make insurance simpler and more accessible for everyone. He added that through the association with Ujjivan Small Finance Bank, customised insurance solutions for health, motor, home and MSME segments will become easier to access for customers.
Following the partnership, Tata AIG’s insurance offerings will be available across more than 700 branches and banking touchpoints of Ujjivan Small Finance Bank. The bank currently operates across over 300 districts in 26 states and union territories.
The initiative is expected to benefit retail, MSME, vehicle and home loan customers by allowing them to access suitable insurance plans under one platform. Tata AIG’s team will also be available at select major branches to assist customers and provide guidance on insurance solutions.
