On 7th April 2021, Bharti Axa life insurance and Fincare Small Finance Bank(SFB) Limited joined hands for a bancassurance partnership under which the bank will sell insurance policies to its customers.
- This partnership will enable the Fincare SFB to offer need-based financial protection products suitable for the major segment of the population who are not aware of the benefits of insurance.
Features of the Partnership:
i.Under this partnership, Bharti Axa life insurance will offer a comprehensive suite of life insurance products including protection, savings and investment plans to the customers of Fincare SFB.
ii.This partnership will enable more than 26.5 lakh customers of Fincare SFB to get access to life insurance solutions and provide financial security to them.
Recent Related News:
Bharti AXA Life Insurance has entered into a bancassurance partnership with SBM Bank (India) Limited (SBM Bank India). Through this partnership, Bharti AXA Life Insurance will offer its entire suite of life insurance products, including protection, health, savings and investment plans, to the customers of SBM Private Wealth, the retail banking arm of SBM Bank India.
It will benefit the people in the following cities-Mumbai, New Delhi, Chennai, Bengaluru, Hyderabad and Ramachandrapuram.
About Fincare Small Finance Bank:
MD & CEO– Rajeev Yadav
Headquarters– Bengaluru, Karnataka
About Bharti Axa Life Insurance:
MD & CEO– Parag Raja
Headquarters- Mumbai, Maharashtra
Formed in– 2006