AU Small Finance Bank (AU SFB), India’s largest small finance bank and United India Insurance Company (UIIC), the nation’s largest public sector general insurance firm, have established a strategic partnership to provide AU SFB customers with a wide range of general insurance options. It covers motor insurance, personal accident insurance, crop insurance, property insurance, shopkeeper insurance, cyber incident insurance and others.
In the exchange filing, the company shared, “Today, AU SFB and UIIC have formally signed strategic alliance agreements, marking a significant milestone in their collaborative journey. The agreements were signed by Mr. Uttam Tibrewal, Executive Director and Deputy CEO of AU Small Finance Bank, and Mr. Bhupesh Sushil Rahul, Chairman and Managing Director of United India Insurance Company. This partnership marks a meaningful step towards realizing AU SFB’s vision of “Forever Bank”, which aims to provide comprehensive financial solutions across the country.”
This agreement puts AU SFB as t a preferred choice for its diverse customer base in 21 states and four union territories, providing reliable and affordable general insurance solutions. The partnership leverages UIIC’s large branch network in more than 1000 tier 2 and tier 3 locations, aligning with AU SFB’s expanding infrastructure and growing customer portfolio.
