Through the tie-up, the bank will sell term, annuity and other value-packed products of the life insurer in more than 500 branches.
S Krishnan, MD & CEO of TMB, and Tarun Chugh, MD & CEO of Bajaj Allianz Life Insurance, signed the agreement and announced their strategic partnership, according to a statement.
Krishnan said, “On getting listed in the stock exchanges, TMB is back to enrich our vision in expanding the network pan India, with added features in products and services.”
Chugh said, “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.”