TAMILNAD MERCANTILE BANK AND BAJAJ ALLIANZ LIFE INSURANCE ENTER INTO STRATEGIC PARTNERSHIP
Bank to sell term , annuity and other value – packed Bajaj Allianz Life products across their 500+ branches
Chennai , 9 December 2022 : Tamilnad Mercantile Bank , a leading private sector bank , and Bajaj Allianz Life Insurance, one of India’s leading private life insurers announced their strategic partnership, today in Chennai, Mr. S Krishnan , MD & CEO , Tamilnad Mercantile Bank and Mr. Tarun Chugh , MD & CEO , Bajaj Allianz Life Insurance signed the agreement and announced their strategic partnership, at an event , earlier this evening.
Mr. S. Krishnan , MD & CEO , Tamilnad Mercantile Bank Limited ( TMB ) said , ” On getting listed in the Stock Exchanges , Tamilnad Mercantile Bank Ltd. , is back to enrich our vision in expanding the network PAN India , with added features in the products and services . We feel that this tie – up launching function is a momentous occasion for the Bank.
Speaking on the partnership , Mr. Tarun Chugh , MD & CEO , Bajaj Allianz Life Insurance , said , ” We are pleased to enter in to a partnership with Tamilnad Mercantile Bank , a prestigious brand in South India . I’m happy to share that we are aligned across several business parameters , the most essential being fulfilling customers ‘ long – term financial goals through simple yet effective products , in a seamless and transparent manner . I’m confident that this collective synergy will enable us to build on a long – lasting partnership , which will also benefit everyone within our eco – system . ”
Through this partnership , new and existing customers of the Bank can now choose from Bajaj Allianz Life’s retail products including term , savings , retirement , and investment products . This will help them achieve their life goals n a planned manner . Furthermore , the life insurer will also work closely with the Bank to offer seamless service options to the customers . This includes response on queries using Whatsapp , or self – service option like the Bajaj Allianz Life LifeAssist App , along with well – trained Bank staff managing the life insurance business .
About TamilNad Mercantile Bank
( www.tmb.in )
Tamilnad Mercantile Bank Limited ( TMB ) , one of the renowned Old Private Sector Banks having its Head Quarter in Thoothukudi , Tamilnadu . It has a long cherished history of 100+ years of eventfull existence with strong fundamentals and an enviable track record of continuous profit making in the industry , TMB is having pan India presence with 509 branches and 12 Regional Offices across 16 states and 4 Union Territories serves more than 5 million delighted customers .
For more information , please visit the company’s website at www.tmb.in