New Delhi: Max Life Insurance Company and Ujjivan Small Finance Bank have joined hands to offer comprehensive life insurance products to the lender’s customers. Through this partnership, Max Life Insurance will offer savings, protection, retirement and group life insurance plans to over 73 lakh customers of Ujjivan SFB.
Prashant Tripathi, Managing Director & CEO, Max Life said, “Max Life is focused on building key bank partnerships as a driver of sustainable growth. We welcome Ujjivan Small Finance Bank 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 has 606 branches in 254 districts, covering 25 states and union territories by January 31, 2023. With technology being a major enabler, Ujjivan SFB continues to expand its reach and enhance customer experience with a large digital coverage on the internet. banking, mobile applications, tablet-based origination and phone banking among others.
Ittira Davis, MD & CEO, Ujjivan Small Finance Bank, said, “Through this partnership, we aim to enhance access to protection, savings and retirement solutions for middle class aspirants through our national network, enabling them to secure their future can help to do. ,
Max Life’s new product offerings include innovations across various consumer segments including homemaker, NRI and self-employed. The firm has extensively leveraged digital and AI, leading to frictionless on-boarding, risk management and building a digital enterprise with superior customer experience.
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