Under the partnership, all retail and group products of Bajaj Allianz Life will be made available to the bank’s customers, including savings, retirement, investment, protection and critical illness life insurance products.
The insurer’s products will be available at the bank’s 780 branch offices spread across India.
KVB has been aligned with Bajaj Allianz to market their non-life products for the past 17 years, said J Natarajan, KVB’s President and Chief Operating Officer.
“When KVB wanted to provide additional options to customers for their life insurance needs, Bajaj Allianz Life emerged as a natural choice. KVB has been attracting new clientele through its end-to-end paperless digital journey by granting in-principle sanctions for retail loans in 15 minutes,” he said in a statement.
Tarun Chugh, the Managing Director and CEO of Bajaj Allianz Life, said the company will leverage tech-enabled servicing solutions and comprehensive life insurance products to serve KVB customers.