Bajaj Allianz Life Insurance partners with Punjab & Sind Bank for distribution of insurance products

 

This partnership will allow new and existing customers of Punjab & Sind Bank to avail a variety of retail life insurance products from Bajaj Allianz Life Insurance, including term, savings, retirement and investment options.

New Delhi: Punjab & Sind Bank (PSB) and Bajaj Allianz Life Insurance have announced a partnership for distribution of life goal-based product suite for the bank's customers.

This partnership will allow new and existing customers of Punjab & Sind Bank to avail a variety of retail life insurance products from Bajaj Allianz Life Insurance, including term, savings, retirement and investment options. The life insurer will work closely with the bank to provide uninterrupted service to the customers and help them achieve their long-term financial goals in a planned manner. This includes responding to customer support requests made through self-service tools such as WhatsApp or the Bajaj Allianz Life Life Assist app, apart from well-trained bank staff serving the life insurance division.

“Punjab & Sind Bank is delighted to partner with a leading private life insurer to offer our customers value-packed solutions for their life insurance needs. The Bank is in the phase of diversifying its third party product portfolio and with this tie-up we are pleased to announce the launch of Credit Life Protection for our loan customers. The comprehensive product suite, including credit life cover for our loan customers, and the services of Bajaj Allianz Life Insurance will go a long way in helping our customers, across our branches, invest for their life goals," said Swaroop Kumar Saha, MD and Said CEO, Punjab & Sind Bank.

Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance said, “In order to provide the Bank's customers, across all walks of life, a delightful experience in pursuing their life goals with us, we have a suite of products backed by robust technology. and a comprehensive suite of services. Our bespoke banking offerings for all teams at the bank will enable us to make this a long-term and successful partnership, as we enable many more life goals together."