Recently it has been informed that Insurance Company Tata AIA life has decided to work with the Citi bank. The bank will work as the bancassurance partner with the bank.
Through this bancassurance channel 9 products would be sold out including 4 Unit-Linked Plans, one term plan, two non-participatory traditional and two participatory traditional products. Through this Partnership the insurance company also aims to spread its network and reach huge network of customers. It was also informed that they would add 15 products in the next six months to this portfolio.
The insurance company will offer tailor-made solutions and custom designed underwriting limits and processes for policyholders. The bank stated that not only the insurance products but bank will also provide insurance solutions through this partnership.