Max Life companions Ujjivan Small Finance Bank to supply life insurance coverage options

New Delhi: Max Life Insurance Company  and Ujjivan Small Finance Bank have joined fingers to supply holistic life insurance coverage merchandise to prospects of the lender. Through this partnership, Max Life Insurance will provide a spread of financial savings, safety, retirement, and group life insurance policy to greater than 73 lakh prospects of Ujjivan SFB.

Prashant Tripathy, managing director and CEO, Max Life, stated, “Max Life is concentrated on forging key financial institution partnerships as a driver of sustainable development. We welcome Ujjivan Small Finance Bank in our journey in the direction of enabling extra prospects with monetary inclusion and safety by way of life insurance coverage…This partnership additional strengthens the bancassurance enterprise at Max Life.”

Established in 2017, Ujjivan SFB had 606 branches in 254 districts, protecting 25 states and union territories as of 31 January 2023. With expertise being a key enabler, Ujjivan SFB continues to develop its attain and improve buyer expertise with a big digital protection throughout web banking, cell utility, tablet-based origination and cellphone banking amongst others.

Ittira Davis, MD & CEO, Ujjivan Small Finance Bank, stated, “Through this partnership, we goal to extend the middle-class aspirants’ entry to safety, financial savings, and retirement options by way of our nationwide community, aiding them in securing their future.”

Max Life’s new product choices embody innovation in numerous shopper segments together with homemaker, NRI and self-employed. The agency has leveraged digital & AI at scale enabling superior buyer expertise with frictionless on-boarding, managing threat and making a digital enterprise.

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