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Bharti Axa Life partners Fincare SFB for bancassurance
April 08, 2021
Bharti Axa Life and Fincare Small Finance Bank have held hands for a bancassurance association under which the bank will offer insurance policies to its clients.
Under the organization, Bharti AXA Life Insurance will offer its comprehensive set-up of life insurance products, including assurance, reserve funds and investment plans, to the clients of Fincare Small Finance Bank across its 747 branches and digital network presence across the country.
This partnership will make life insurance solutions reachable to over 26.5 lakhs clients of Fincare Small Finance Bank and give financial security to them, as indicated by a joint releaseissued on Wednesday.
Parag Raja, Managing Director and Chief Executive Officer of Bharti AXA Life Insurance, said Fincare SFB is a developing name in the domestic banking sector.
“Our collusion will enable the bank’s clients with security and comprehensive insurance solutions and assist us with fortifying our obligation to contacting all strata of population. We accept this association will improve our distribution footprint and help us increase insurance penetration in the country,” he said.
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