Partnership30 Jun 2025, 02:36 pm
AU Small Finance Bank Partners with LIC to Expand Life Insurance Access Across India
AI Summary
AU Small Finance Bank Limited (AU SFB) has entered into a strategic partnership with Life Insurance Corporation of India (LIC) to distribute LIC’s comprehensive portfolio of life insurance solutions. The partnership aims to deepen insurance penetration and financial protection across India’s underserved population, and will provide LIC’s life insurance solutions through AU SFB’s 2,456+ banking touchpoints in 21 states and 4 union territories. This collaboration supports the national vision of ‘Insurance for All by 2047’ and enhances AU SFB’s position as a full-spectrum financial services provider.
Key Highlights
- AU Small Finance Bank has partnered with Life Insurance Corporation of India to distribute LIC’s life insurance solutions.
- The partnership aims to deepen insurance penetration and financial protection across India’s underserved population.
- LIC’s comprehensive portfolio of life insurance solutions will be available through AU SFB’s 2,456+ banking touchpoints.
- The collaboration supports the national vision of ‘Insurance for All by 2047’.
- The partnership enhances AU SFB’s position as a full-spectrum financial services provider.