Tamilnad Mercantile Bank Partners with Bajaj Allianz General Insurance to Expand Non-Life Insurance Offerings
Tamilnad Mercantile Bank Ltd. (TMB) has announced a strategic tie-up with Bajaj Allianz General Insurance Company Ltd. (BAGIC) to offer a comprehensive range of non-life insurance products to its customers. This new arrangement will enable TMB to offer products such as motor insurance, health and personal accident insurance, asset protection covers for loan customers, and cyber insurance — accessible through the bank’s extensive branch network and digital platforms. TMB, registered as a corporate agent, can partner with up to nine companies for marketing non-life insurance products. With existing tie-ups with United India Insurance Company Ltd., Cholamandalam MS General Insurance Company Ltd., and Zurich Kotak General Insurance Company Lid., the addition of BAGIC further strengthens TMB’s non-life insurance portfolio.
Key Highlights
- Tamilnad Mercantile Bank Ltd. (TMB) has partnered with Bajaj Allianz General Insurance Company Ltd. (BAGIC) to offer non-life insurance products.
- The partnership will enable TMB to offer motor insurance, health and personal accident insurance, asset protection covers for loan customers, and cyber insurance.
- TMB can partner with up to nine companies for marketing non-life insurance products, and already has tie-ups with United India Insurance Company Ltd., Cholamandalam MS General Insurance Company Ltd., and Zurich Kotak General Insurance Company Lid.
- BAGIC will provide TMB with a dedicated service team, free training for staff, IT integration, and web portal linkages.
- This partnership strengthens TMB’s non-life insurance portfolio and reaffirms the bank’s commitment to combining its century-long legacy with modern financial solutions.