New Delhi: Tamil Nadu Mercantile Bank and Bajaj Allianz Life Insurance on Monday announced a strategic partnership. As part of the partnership, new and existing customers of the bank can choose from a range of retail products from Bajaj Allianz Life, including term, savings, retirement and investment products.
The life insurer will work closely with the bank to provide seamless service options to the customers. This includes responding to queries using WhatsApp, or a self-service option such as the Bajaj Allianz Life Life Assist app, with well-trained bank staff managing the life insurance business.
The MD and CEO of Tamil Nadu Mercantile Bank Ltd (TMB) S. Krishnan said, “On getting listed on the stock exchanges, Tamil Nadu Mercantile Bank Ltd is back to enrich its vision in expanding network in India, featuring additional products and services. We feel this tie- The launching ceremony is a momentous occasion for the Bank.”
Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance said, “We are delighted to partner with Tamil Nadu Mercantile Bank, a reputed brand from South India. I am happy to share that we have met multiple business parameters, foremost among which is meeting long-term financial goals of customers through simple yet effective products in a seamless and transparent manner. I am confident that this collective synergy will enable us to build a long-lasting partnership that will benefit everyone within our eco-system as well.”
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