Aditya Birla Solar Life Insurance coverage (ABSLI), the life insurance coverage subsidiary of Aditya Birla Capital Restricted (ABCL), and Bharat Co-operative Financial institution (Mumbai) Ltd. have introduced their bancassurance partnership on Wednesday. This collaboration facilitates a standard platform to achieve out to the financial institution’s 5 lakh plus clients with related life insurance coverage options.
The partnership permits ABSLI to straight attain out to those clients by way of Bharat Co-operative Financial institution’s (Mumbai) 103 branches and fulfil their life insurance coverage and funding planning wants. It will additional strengthen ABSLI’s intensive distribution attain throughout the city and semi-urban areas of Maharashtra, Karnataka, and Gujarat.
Increasing footprint
Commenting on the tie-up, Aditya Birla Solar Life Insurance coverage MD and CEO, Kamlesh Rao, stated, “This partnership will allow us to increase our footprint and supply our array of safety options to the Bharat Co-operative Financial institution (Mumbai) Ltd.’s broadly distributed community throughout Maharashtra, Karnataka & Gujarat. We consider our life insurance coverage merchandise will complement the present financial institution choices and empower their clients to develop a strong monetary plan.”
With this strategic transfer, ABSLI now has high-impact and rising bancassurance partnerships with eight main banks throughout the nation.
Benefitting clients
U. Shivaji Poojary, Chairman, Bharat Co-operative Financial institution (Mumbai) Ltd. stated, “Buyer’s wants are altering and it’s crucial for each entity in service sector to scale as much as meet the expectations of its clients. This partnership will particularly profit our clients who will get entry to a bouquet of progressive insurance coverage merchandise throughout all its 102 branches & one extension counter with the help of Aditya Birla Solar Life Insurance coverage Co. Ltd.”
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March 09, 2022