Bharti AXA Life Insurance on October 21 announced its bancassurance partnership with Utkarsh Small Finance Bank Limited (USFBL) for the distribution of life insurance products through the bank’s network of branches across the country. This partnership will enable the Bharti AXA life to reach Tier II and Tier III markets with insurance solutions and increase the reach of insurance in India.
Under this partnership, the Bharti AXA Life’s insurance comprehensive suite of life insurance plans including the protection, health, savings, and investment plans will be made available for the customers of the bank across 202 districts of 19 states and 2 Union territories in the country.