AU Small Finance Bank Enters Into a Strategic Partnership with United India Insurance

Hyderabad: AU Small Finance Bank (AU SFB), and United India Insurance Company (UIIC) entered into a strategic partnership to offer AU SFB’s customers with a wide range of general insurance solutions. It includes motor insurance, personal accident insurance, crop insurance, property insurance, shopkeeper insurance, cyber incident insurance, and more.

The two firms signed strategic alliance agreements, marking a significant milestone in their collaborative journey. The agreements were signed by Uttam Tibrewal, Executive Director and Deputy CEO of AU Small Finance Bank, and Bhupesh Sushil Rahul, Chairman and Managing Director of United India Insurance Company. This partnership marks a meaningful step towards realising company vision of "Forever Bank", which aims to provide comprehensive financial solutions across the country.

Uttam Tibrewal said, “We’re delighted to partner with United India Insurance Company, a renowned PSU insurance company with a rich legacy and extensive network across India. The combined expertise of two strong entities will enable transparent and personalised banking solutions to AU SFB’s customers, nationwide.”

“Our partnership is synergistic towards our efforts to achieve “Vanchit Ko Variyata”, by providing aptly priced and risk-underwritten product solution across retail and SME segments.” He added.

Bhupesh Sushil Rahul, said, “This partnership will make our value-packed and innovative general insurance products available to a significantly larger customer base across the 2,414 touchpoints of AU SFB. Backed by top-tier, new-age services and a digital first approach, I am confident that our collective promise of ‘Customer First’ will lead to a long-term and successful partnership as we enable many more life goals, together.”