AU SFB Joins Forces with LIC to Expand Insurance Reach

AU Small Finance Bank (AU SFB) announced on Monday a pivotal partnership with the Life Insurance Corporation of India (LIC) to distribute insurance products.

This collaboration enables AU SFB to disseminate LIC's diverse range of life insurance solutions, encompassing term and whole life policies, endowment plans, pension and annuity products, and child-specific plans. The move addresses an array of protection and retirement needs according to a bank statement.

With approximately 2,456 banking touchpoints in 21 states and four union territories, AU SFB's alliance with LIC promises to substantially enhance LIC's presence in rural and semi-urban locales.

(With inputs from agencies.)