Tamilnadu Mercantile Bank and Bajaj Allianz Life Insurance formed a strategic alliance today. As part of the agreement, new and existing bank clients will be able to select from Bajaj Allianz Life’s retail products, which include term, savings, retirement, and investment products.
The life insurance will also collaborate closely with the bank to provide customers with seamless service alternatives. This includes responding to concerns via Whatsapp or providing self-service options like as the Bajaj Allianz Life LifeAssist App, as well as having well-trained Bank staff manage the life insurance business.
S. Krishnan, MD & CEO, Tamilnad Mercantile Bank Limited (TMB), said, “On getting listed in the stock exchanges, Tamilnad Mercantile Bank Ltd., is back to enrich our vision in expanding the network PAN India, with added features in the products and services. We feel that this tie-up launching function is a momentous occasion for the Bank.”
Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, said, “We are pleased to enter in to a partnership with Tamilnad Mercantile Bank, a prestigious brand in south India. I’m happy to share that we are aligned across several business parameters, the most essential being fulfilling customers’ long-term financial goals through simple yet effective products, in a seamless and transparent manner. I’m confident that this collective synergy will enable us to build on a long-lasting partnership, which will also benefit everyone within our eco-system.”
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