Product Trends

BANCASSURANCE

Allianz Life Insurance, Societe Generale Bank launch partnership – Business24, June 21, 2021.

Allianz Life Insurance and Societe Generale Bank have entered into a partnership that will enable the public to buy insurance policies from the bank’s vast branch network nationwide. They have launched two new products: The Sound Eduflex and Sound Farewell Insurance Plans.

Allianz Insurance and UBA forge bancassurance partnership – B&FT Online, April 15, 2021.

Allianz Insurance and UBA have announced a bancassurance strategy. Personal insurance products such as Home and Travel insurance will be offered through the 20 branches of UBA.

Generali completes the acquisition of AXA Insurance in Greece and commences 20-year exclusive distribution agreement with Alpha Bank – Press release, May 31, 2021.

Generali has also commenced its 20-year exclusive distribution agreement with Alpha Bank. Alpha Bank has a network of more than 300 branches.

Bharti Axa Life Insurance forges bancassurance partnership with Shivalik Small Finance Bank – Business News, June 2, 2021.

Bharti AXA Life Insurance will offer its suite of life insurance products, including protection, health, savings and investment plans, to the customers of Shivalik Small Finance Bank. The Bank has 31 branches across the country.

SBI General Insurance announces Corporate Agency tie up with Uttarbanga Kshetriya Gramin Bank (UKGB) – APN News, April 15, 2021.

SBI General Insurance announces a corporate agency agreement with UKGB. This association will enable distribution of SBI General’s retail products through UKGB extensive network in the state of West Bengal. UKGB has over 142 branches in the area.

Bharti Axa Life Insurance establishes bancassurance partnership with Fincare Small Finance Bank – CNBCTV18, April 9, 2021.

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. The Fincare Small Finance Bank has 747 branches and a digital network presence across the country.

The Bancassurance partnership between Banca Sella and Genertellife – Sella Insights, May 28, 2021.

Banca Sella and Genertellife have signed a bancassurance partnership. They have introduced two new solutions for Banca Sella customers. The products are Sella Glife Smart, for retail and affluent clients, and Sella Glife Wealth Prime, for private customers.

BAC A BANK and VietinBank Insurance (VBI) cooperate to distribute insurance – May 28, 2021.

Bac A Commercial Joint Stock Bank (BAC A BANK) VBI officially cooperated and launched a series of attractive insurance products for health. B-Care is a health insurance package with diversified benefits, designed exclusively for customers of BAC A BANK. Notably, B-Care applies to young children, only from 60 days old can participate independently. (Text in Vietnamese)