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Bharti AXA Life in bancassurance pact with Shivalik Small Finance Bank

Bharti AXA Life, Fincare SFB join hands for bancassurance partnership

Bharti Axa Life and Fincare Small Finance Bank have joined hands for a bancassurance partnership under which the bank will sell insurance policies to its customers. Under the partnership, Bharti AXA Life Insurance will offer its comprehensive suite of life insurance products, including protection, savings and investment plans, to the customers of Fincare Small Finance Bank across its 747 branches and digital network presence across the country. This alliance will make life insurance solutions reachable to over 26.5 lakhs customers of Fincare Small Finance Bank and provide financial security to them, according to a joint release issued on Wednesday. Parag Raja, Managing Director and Chief Executive Officer of Bharti AXA Life Insurance, said Fincare SFB is a growing name in the domestic banking sector.

Bharti AXA Life boosts protection cover segment to expand footprint

In a bid to explore and expand the new avenues in the overall term insurance market in India, leading private sector insurer Bharti AXA Life has enriched the protection cover segment with the benefits of Quit Smoking and Stay Fit in its life cover solution Bharti AXA Life Flexi Term Pro. The Bharti AXA Life Flexi Term Pro offers the option to cover the life up to 99 years and also provides a customised shield with multiple flexibilities to financially secure the insured and the person s family. The company introduced quit smoking and stay fit benefits for customers with an additional discount of 5 per cent on the subsequent renewal premium. The new protection solution stirs customers to get rewarded for a healthy lifestyle on quitting smoking and improved health status and reduce policy premium under the new benefits before the third policy anniversary and the second policy anniversary respectively.

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