Hong Kong
BEA and AIA Hong Kong Jointly Launch the BEA AIA Credit Card. Press release, November 9, 2022.
This launch is an expansion of the bancassurance partnership agreement. Cardholders who settle the premiums of AIA Hong Kong insurance policies with the BEA AIA Credit Card can enjoy an unlimited Bonus Points reward (HK$1 = 1 Bonus Point) and up to an 86-day interest-free repayment period.
India
AU Small Finance Bank and HDFC Life Announce Bancassurance Tie-Up. BFSI.com, December 16, 2022.
This partnership enables diverse customers of AU Small Finance Bank to access the entire range of life insurance products offered by HDFC Life.
India
Aditya Birla Health, IDFC FIRST Bank Tie Up for Bancassurance. BusinessLine Online, November 2, 2022.
Aditya Birla Health Insurance has entered a bancassurance partnership with the IDFC FIRST Bank to distribute health insurance products through the bank’s digital platform.
Pakistan
State Life Partners with DIB. The News International, October 22, 2022.
State Life Insurance Corporation (SLIC) has signed a memorandum of understanding with the Dubai Islamic Bank (DIB) to offer Sharia-compliant financial solutions to DIB customers across the country. Life and Health Takaful plans for Roshan Digital Account holders will be offered.
Portugal
Generali Announces Long-Term Distribution Deal with Portugal’s Post Office. Coverager, November 7, 2022.
Generali has reached an agreement with CTT, the Portuguese postal services group, for the distribution of life policies. Through this partnership, Generali’s Tranquilidade insurance products will be distributed by CTT and Banco CTT.
Serbia
Banca Intesa Announces Partnership with Generali Osiguranje. Ekapija, October 25, 2022.
Banca Intesa announced the partnership of Intesa Sanpaolo with insurer Generali for the Serbian market with the aim of strengthening the bancassurance business in the country. This agreement will reinforce its ties with Intesa Sanpaolo, offering its customers flexible solutions to further protect Serbian individuals, families, and companies.
Sri Lanka
Union Assurance Deepens Bancassurance Relationships with Pan Asia Bank. Daily FT, November 24, 2022.
Union Assurance recently celebrated the business launch with its esteemed bancassurance partner, Pan Asia Bank. Through this partnership, Pan Asia Bank can offer its customers a full suite of financial services, including life insurance solutions for savings, protection, and investments.
Vietnam
Medici Insurance and Sun Life Vietnam Team Up . Vietnam News Summary, October 29, 2022.
On October 25, Medici Insurance and Sun Life Vietnam officially announced their strategic partnership in product distribution. The partnership offers preeminent life insurance solutions to Medici Insurance's network of financial agents.