Max Life partners Ujjivan Small Finance Bank to offer life insurance solutions

New Delhi: Max Life Insurance Company  and Ujjivan Small Finance Bank have joined hands to offer holistic life insurance products to customers of the lender. Through this partnership, Max Life Insurance will offer a range of savings, protection, retirement, and group life insurance plans to more than 73 lakh customers of Ujjivan SFB.

Prashant Tripathy, managing director and CEO, Max Life, said, “Max Life is focused on forging key bank partnerships as a driver of sustainable growth. We welcome Ujjivan Small Finance Bank in our journey towards enabling more customers with financial inclusion and security through life insurance…This partnership further strengthens the bancassurance business at Max Life.”

Established in 2017, Ujjivan SFB had 606 branches in 254 districts, covering 25 states and union territories as of 31 January 2023. With technology being a key enabler, Ujjivan SFB continues to expand its reach and enhance customer experience with a large digital coverage across internet banking, mobile application, tablet-based origination and phone banking among others.

Ittira Davis, MD & CEO, Ujjivan Small Finance Bank, said, “Through this partnership, we aim to increase the middle-class aspirants’ access to protection, savings, and retirement solutions through our national network, assisting them in securing their future.”

Max Life’s new product offerings include innovation in various consumer segments including homemaker, NRI and self-employed. The firm has leveraged digital & AI at scale enabling superior customer experience with frictionless on-boarding, managing risk and creating a digital enterprise.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More