If you have an account with City Union Bank, then you will be able to get life and health insurance related services easily.
If you have an account with City Union Bank, then you will be able to get life and health insurance related services easily. Veteran life insurance company Tata AIA Life Insurance has announced a strategic alliance with City Union Bank (CUB) today on July 9. Through this partnership, all the services related to life and health insurance will be made available to the bank customers. Another objective of this partnership is to provide easy services to its customers on mobile.
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These benefits to both the bank and the insurance company
With this partnership, all customers of City Union Bank, new and old, will get the benefits of Tata AIA Life’s term insurance, guaranteed and market linked schemes, retirement, investment and savings and retirement related services etc. On the other hand, Tata AIA Life will be helped to expand its business through more than 700 branches of the bank and provide life insurance facilities to more and more people in the country.
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Tata and Citibank have been in business for 100 years
City Union Bank has been providing banking services since 1904. It is headquartered at Kumbakonam in Thanjavur district of Tamil Nadu which is also known as the Temple City. As on March 31, 2022, the total business of the bank stood at Rs.88,846 crores with deposits of Rs.47690 crores and advances of Rs.41156 crores. City Union Bank has 1732 ATMs and 727 branches across the country. On the other hand, Tata AIA Life, a more than 150-year-old life insurance company, is a joint venture between Tata Sons and AIA Group. Tata AIA Life Insurance’s total premium income grew 30 per cent year-on-year to Rs 14,445 crore in FY 2021-22.