AU Small Finance Bank enters into bancassurance tie up with HDFC Life

Published on December 18, 2022
Current Context: AU Small Finance Bank announced that it has entered into a corporate agency arrangement with HDFC Life for soliciting insurance plans for HDFC Life through the bancassurance business model.
AU Small Finance Bank enters into bancassurance tie up with HDFC Life
  • This partnership would enable diverse customers of AU Small Finance Bank to access the entire range of life insurance products offered by HDFC Life, thus fulfilling their need for financial protection.
  • The said arrangement will aim to further enrich the Bank's life insurance offering by enabling its customers to access the digital platform and the touch points of HDFC Life for servicing.
  • Through a bancassurance partnership, the bank staff and tellers become the point of sale of insurance products to the bank’s customers.
  • Static Part:
    • Managing Director & CEO of Au Small Finance Bank - Sanjay Agarwal

Question:

Q.1 _____________, India's leading small finance bank, and ______, one of India’s leading life insurers, entered into a corporate agency arrangement for soliciting insurance plans of HDFC Life through the bancassurance business model.
a. Capital Small Finance Bank and LIC
b. AU Small Finance Bank and HDFC Life
c. Equitas Small Finance Bank and Max Life Insurance
d. Jana Small Finance Bank and Reliance Life Insurance
e. None of the above

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