This partnership will enable ABHICL to expand its national footprint by leveraging UCO Bank’s widely distributed network of 3164 branches and reach out to more than 40 million customers of the bank across India
Aditya Birla Health Insurance Co. Ltd. (ABHICL) has announced its bancassurance partnership with public sector lender, UCO Bank, for the distribution of health insurance products through the bank’s branches across India.
This partnership will enable ABHICL to expand its national footprint by leveraging UCO Bank’s widely distributed network of 3164 branches and reach out to more than 40 million customers of the bank across India.
With this association, UCO Bank’s customers and employees will have access to ABHICL’s innovative suit of health-first insurance solutions like incentivised wellness benefits of up to 100 per cent Health Returns and chronic management program, Day-1 cover for asthma, high blood pressure, high cholesterol, diabetes; wellness coaching on nutrition and fitness; counselling on mental health, et cetera.
With this new UCO Bank partnership, ABHICL now has 17 bancassurance partners with over 80,000 direct selling agents, across the country.
Commenting on the association, Soma Sankara Prasad, MD & CEO, UCO Bank said, “We are delighted to announce Bank’s new standalone health insurance partnership with Aditya Birla Health Insurance Company, which brings knowledge and expertise of innovative healthcare and Wellness Offerings. We are confident that this partnership will further support bank in enhancing customer Experience by focussing on selling the right health insurance product to the customers and making the overall experience of insurance policy and claim settlement a smooth experience for the customers. With our customer first approach we are happy to share Aditya Birla Health Insurance’s innovative and health-first solutions with all our customers.”
Mayank Bathwal, CEO, Aditya Birla Health Insurance said, “We are delighted to announce our strategic alliance with UCO Bank, one of the leading public sector banks in India. At ABHI, our endeavour has been to help our customers with cutting-edge innovative health-first insurance solutions which not only protects them from medical uncertainties but nudge them to live a health-focused life. This partnership will help us strengthen our distribution network further and allow us to offer customised, cost-effective, and innovative advanced health insurance solutions to millions of UCO Bank customers across India. This will further aid us in our vision of health insurance for all.”