Mumbai:
Bajaj Allianz Life and General Insurance and BHW Birla
Home Finance Ltd, the German-owned housing finance company,
have agreed to tie-up. The main objective of the tie-up
is to jointly provide a comprehensive product portfolio
of life and general insurance policies, home finance and
deposit schemes and tailor-made multi-finance customer
solutions in the Indian market. This will include innovative
and competitively priced combined products.
Joint
marketing activities would start as soon as all approvals
needed from the respective authorities are in place. Bajaj
Allianz and BHW Birla Home Finance Limited hope to provide
the entire spectrum of products to their respective customers.
Both companies would be able to offer a wide choice from
the collective product portfolio besides customised products.
According
to Sam Ghosh, country manager and CEO, Bajaj Allianz Life
Insurance, "This partnership adds not only another
innovative product range to our offerings but also enables
us to provide life and
general insurance products to BHW Birla's extensive customer
base. We are confident that both our customer-bases will
greatly benefit from this relationship."
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