Bajaj Allianz Life Insurance and Satin Creditcare have partnered with Coverfox to increase Financial Inclusion (FI) in rural India.
Satin Creditcare customers will be able to secure their loans with Bajaj Allianz Life’s insurance plans across India’s branches, providing them with peace of mind and financial security in the event of an unfortunate incident. It will use Coverfox’s technology infrastructure to conduct insurance purchasing, selling and servicing, digitally.
Speaking in this regard, Dheeraj Sehgal, Chief Distribution Officer, Bajaj Allianz Life Insurance, stated, “The collaboration between Bajaj Allianz Life, Satin Creditcare, proficiently supported by Coverfox, is dedicated to provide financial security and enable customers to pursue their goals with complete ease. Our aim is to assure and empower customers with the essential cover, ensuring that their families’ life goals remain on track in case of any unfortunate event.”
HP Singh, Chairman cum Managing Director, Satin Creditcare Network, mentioned that the company’s partnership with Bajaj Allianz Life and Coverfox marks the beginning of a transformative journey centred around customers’ interests at heart.
He said, “In our ongoing mission to provide holistic financial solutions that empower and extend a shield of protection to our family of over three million, we are confident that this alliance will offer comprehensive security, enabling our clients to navigate life’s uncertainties with confidence and resilience. Together, we are poised to redefine industry standards and set new benchmarks in customer-centric innovation.”
According to Sanjib Jha, CEO, Coverfox, Bajaj Allianz Life, Coverfox and Satin Creditcare’s partnership aims to empower customers in rural and remote areas of the country.
“It is important to provide them with financial risk coverage with ease of onboarding and interaction facilitated by technology. We are pleased to support the endeavours of these two companies with our technology and be a part of their mission to increase FI across the country. We believe that this partnership will not only strengthen our individual positions in the market, but also foster innovation and growth within our micro-finance industry. We see tremendous potential in joining forces with Bajaj Allianz Life and Satin Creditcare. Together, we aim to deliver unparalleled value to our customers,” he noted.