The health insurance subsidiary of Aditya Birla Capital Limited (ABCL) Aditya Birla Health Insurance Co. Limited (ABHICL) announced its bancassurance partnership with one of the leading Small Finance Bank in the country Utkarsh Small Finance Bank for the distribution of health insurance products through the Bank’s network of branches Pan-India.
Its comprehensive suite of Health insurance plans, including protection health plans, will be available for purchase to 2.7 million+ customers of the Bank across 642 branches in 214 districts spread across 19 states and 2 Union Territories in the country. The company has 175 branches located in India and it has 12 Bancassurance partners with over 51,120+ direct selling agents all over India.
The CEO of Aditya Birla Health Insurance Mayank Bathwal said, “This tie-up will help us reach the tier II and tier III markets with insurance solutions thereby increasing insurance penetration in the country. Our alliance with Utkarsh Small Finance Bank will also help empower the Bank’s customers with protection solutions from our comprehensive product portfolio.’’