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Bajaj Allianz Life Enters Strategic Partnership with ESAF Small Finance Bank

In Business
December 01, 2018

Today, Bajaj Allianz Life, one of India’s leading private life insurers, announced its strategic partnership with Kerala-based ESAF Small Finance Bank that will enable several individuals to further enjoy the benefits of the organised financial services sector. Bajaj Allianz Life’s signed the Corporate Agency MoU with ESAF Small Finance Bank at an event held in the city.

With this partnership, ESAF SFB will further expand its financial services suite to its growing customer-base. They will offer life insurance benefits that will enable their customers to achieve their life goals in a more planned manner. Bajaj Allianz Life will empower, both existing and new, ESAF SFB customers with value packed solutions, including customised life insurance products linked with savings.

Through this strategic partnership, Bajaj Allianz Life products and solutions will be available across India through the banking outlets of ESAF SFB. Speaking on the strategic partnership with ESAF SFB, Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, said, “We are delighted to partner with ESAF SFB and offer our products to their expanding customer base. Today, Bajaj Allianz Life has become a name to reckon with when it comes to providing the living benefits of life insurance. ESAF SFB’s expertise and insights on their customer’s will further help us fine tune our offerings to best suit their customers’ needs.”

K Paul Thomas, MD & CEO, ESAF Small Finance Bank, said, “Our vision is to provide the benefits of formal financial services to as many Indians as we can. We are happy to have Bajaj Allianz Life on board to us to help our customers – existing and new – understand the value of life insurance better, and thereby make a more informed decision on why it is essential for them. Their customised products and services will ensure our customers get what they are looking for when it comes to buying life insurance.”

Products and Services
Bajaj Allianz Life is continuously developing its portfolio to introduce products that will help customers achieve their life goals. These life goals may range from financially securing the future of their family, or investing towards a long term financial goal or enabling them to better manage expenses related to critical illnesses.

Today, the company is bringing forth innovative life insurance products for its customers, and will do the same for ESAF SFB customers.