AU Small Finance Bank has entered into bancassurance tie-ups with Star Health and Allied Insurance Company (Star Health) and Bajaj Allianz Life Insurance Company (Bajaj Allianz). The company has enters into bancassurance tie-up with Star Health for Health Insurance solution to Bank's customers. It has also entered into bancassurance tie-ups with Bajaj Allianz for Life Insurance solution to Bank's customers. These tie-ups will enable the Bank's customers to access a wide range of insurance products from Star Health and Bajaj Allianz.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.
