Aviva Life Insurance and DBS Bank today announced a strategic partnership for bancassurance in India by which DBS Bank will offer its customers, customised insurance solutions from Aviva’s comprehensive portfolio.
As the corporate agent for Aviva Life Insurance, DBS Bank which provides a holistic offering of banking and wealth management services, will now offer Aviva’s best in class products like Aviva Young Scholar, Aviva Health Plus, Aviva LifeLine, Pension Elite and SaveGuard, to affluent and high net worth (HNI) customers from all its 10 branches.
Speaking on the occasion, TR Ramachandran, CEO and MD Aviva India said, “The tie-up with DBS Bank is an important milestone for Aviva. We are India’s leading Bancassurer with more partnerships and a first class reputation for implementation. Given the fast changing market dynamics and its volatility, customers today are seeking avenues for financial security. With this strategic tie-up Aviva and DBS can address this very need of the customers through our products and services.”
Sanjiv Bhasin, CEO, DBS India, said, “We are committed to building a universal banking franchise in India. As we step up our initiatives in the retail domain, teaming with Aviva reaffirms our approach of partnering with the best to offer optimal solutions and service excellence.”
Both Aviva and DBS have high expectations from the partnership and are fully committed to make it a success. Several joint initiatives have been planned to further promote this association. This partnership expands the ongoing relationship that Aviva and DBS have across Asia to the important and rapidly growing market of India. Aviva and DBS have forged a fruitful partnership in Singapore and Hong Kong since 2001. The two companies also plan to extend their partnership further by providing bancassurance in China and Taiwan in future.
