AU Small Finance Bank and United India Insurance Forge Partnership

AU Small Finance Bank (AU SFB) and United India Insurance Company (UIIC) have announced a strategic alliance to provide general insurance solutions to the bank's customers. This collaboration aims to offer a variety of insurance options across AU SFB's extensive customer base in 21 states and 4 union territories.

AU Small Finance Bank (AU SFB) and state-owned United India Insurance Company (UIIC) on Friday announced a strategic partnership to distribute general insurance solutions to the bank's customers.

The partnership encompasses various insurance products including motor, personal accident, crop, property, shopkeeper, and cyber incident insurance, according to a joint statement.

This collaboration positions AU SFB as a preferred choice for its diverse customer base across 21 states and 4 union territories, offering reliable and affordable general insurance solutions.

The partnership leverages UIIC's vast network of branches in over 1,000 tier 2 and tier 3 locations, aligning with AU SFB's expanding infrastructure and growing customer portfolio.

AU SFB, having recently filed for a universal banking license with the Reserve Bank of India (RBI), is focused on enhancing its bancassurance portfolio to provide innovative, technology-enabled insurance solutions to its customer base of over 1 crore, across all segments.

(With inputs from agencies.)