Au Small Finance Bank will sell health insurance products of Aditya Birla Health Insurance as part of a corporate agency tie-up agreement.
“The bank (Au Small Finance Bank) has entered into agreement with Aditya Birla Health Insurance Company Ltd (ABHICL) to act as a corporate agent for health insurance business,” the bank said in a regulatory filing.
Au said this tie-up will be beneficial for both the companies mutually in terms of business, market penetration as well as reach.
The AU Small Finance Bank provides services such as savings and current accounts, term deposits, debt cards, insurance, retail loans as well as wholesale banking.