AU Small Finance Bank collaborated with SBI Life Insurance for insurance solutions across India

India’s largest small finance bank, AU Small Finance Bank, has entered a strategic corporate agency partnership with SBI Life Insurance, among India’s most trusted life insurers.

The collaboration has been expected to enhance access to comprehensive insurance solutions nationwide, supporting the government’s ‘Insurance for All by 2047’ mission by extending financial protection to underserved and emerging markets across India.

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The agreement was signed by Mr. Dilip K. Vidyarthy, Head of Bancassurance & Cross- Sales, AU Small Finance Bank and Mr. Ashwini Kumar Regional Director- Mumbai Metro, SBI life Insurance in presence of Mr. Gireesh Thampy, EVP & Chief of Institutional Alliances, SBI Life and other respected dignitaries from both the organisations.

The agreement seeks to provide SBI Life’s comprehensive portfolio of life insurance via AU SFB solutions which includes protection, savings & investments, child, money back, retirement etc. across its robust network of over 2,505 banking touchpoints in 21 states and 4 union territories.

This integration will enable customers to meet diverse protection and long-term financial planning needs through a unified banking and insurance experience.

The SBI Life’s expertise in driving insurance adoption and delivering trusted protection solutions along with the AU SFB will further strengthens efforts in urban, semi-urban and rural markets. The collaboration will also leverage AU’s digital platforms and customer engagement channels to deliver a simplified, transparent, and accessible insurance journey.