TATA AIG Enters Corporate Agreement with AU Small Finance Bank Ltd.
Published On Oct 11, 2019 12:00 AM By Chinansuka Agarwal
TATA AIG General Insurance Limited partners with AU Small Finance Bank Ltd. for sale of its insurance products. AU Small Finance Bank Ltd. will act as a corporate agent for the insurance company.
TATA AIG, a well-known name in the general insurance, is a joint venture between Tata Group and AIG. TATA AIG under its consumer and commercial lines offer products catering to various business and individual insurance needs.
AU Small Finance Bank Ltd. initially founded as a vehicle finance company was later converted into a small finance bank in 2017. The bank is issued a certificate of registration by IRDAI in 2015.
The partnership between AU Small Finance Bank and TATA AIG is going to prove beneficial for both in terms of market penetration, business and reach.
TATA AIG products are backed by professional expertise and offer cover for personal accident, travel, liability, marine cargo, etc. The bank will be providing various products of TATA AIG to its wide customer base. AU Small Finance Bank shares witnessed an increase as the news of the partnership between the two disseminated.
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