Punjab & Sind Bank, a public sector lender, and Bajaj Allianz Life Insurance have announced a strategic partnership that will allow the bank’s customers to access a wide range of insurance products from the insurer. This partnership, which is in the form of a corporate agency agreement, will see Bajaj Allianz’s life goals-based product suite being made available to customers of the Delhi-headquartered bank.
This partnership is a significant development for both parties as it will enable Punjab & Sind Bank to diversify its product offerings and provide its customers with a one-stop-shop for all their financial needs. On the other hand, Bajaj Allianz will be able to expand its reach and customer base through this partnership.
Customers of the bank will now be able to avail a variety of retail life insurance products from Bajaj Allianz, including term insurance, savings plans, retirement plans, and investment options. This partnership will enable customers to secure their financial future and avail products that are tailored to their needs.
With this partnership, Punjab & Sind Bank has become the 25th scheduled commercial bank to partner with Bajaj Allianz for distributing its life goals-based product suite. This move showcases the growing trend of banks and insurance companies coming together to offer customers a more comprehensive set of financial products and services.
