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Tata AIG Life one of leading General Insurance Company in India has tied with Syndicate Bank. With the help of this tie up Tata AIG planning to provide insurance solutions to those customers who are covered under financial inclusion program across all the branches of Syndicate Bank.  

According to the agreement between them, Syndicate Bank has to offer Tata AIG Life’s Group Insurance Product and Tata AIG Group Term Life Product at competitive rate. 

Tata AIG will look to target middle class people with help of this tie up. Product has designed to provide the needs of rural mass market and economically weaker sections of the society. A life insurance cover up to Rs 25000 can be availed by the customers of Syndicate Bank at an affordable premium.  

1,493 villages with a population of more than 2,000 have been allotted to the bank under the financial inclusion plans which are to be covered before March 31, 2012, of which 439 villages are in Karnataka. In the first phase 750 villages will be covered before March 31, 2011. The bank has so far opened 316,000 accounts under financial inclusion during this financial year. 

Dedicated micro- insurance products for lower income communities in rural India have been launched by Tata AIG Life which is one of the first life insurance companies in the country to do so. 

Tie up with Syndicate Bank, Tata AIG Life Insurance will cover about 500000 customers in the current financial year. 

Know more about life insurance policy.