BANCASSURANCE

Hong Kong

BEA and AIA launch new partnership. The Standard, July 6, 2021.

The Bank of East Asia announced a 15-year cooperation on bank insurance with AIA Group's Hong Kong unit.  Products available at the bank's branches include life insurance, CI, saving and retirement protection.

India

Max Bupa, Axis Bank enter bancassurance tie-up. Money9.com, July 8, 2021.

This partnership will help provide comprehensive health insurance solutions by Max Bupa to Axis Bank’s employees and customers. Axis Bank has customers across 4,500 plus branches.

Indonesia

bank bjb and BNI Life collaborate to launch bancassurance products. Press release, August 10, 2021.

Solusi Proteksi Prima is a life insurance product that has a maximum coverage feature up to Rp20 billion. This insurance offers a premium return of 115% in the fifth year and provides 10 years life insurance protection.

Saudi Arabia

Bank Aljazira, Aljazira Takaful sign bancassurance distribution deal. Zawya, September 26, 2021.

Bank Aljazira has signed a one-year bancassurance distribution agreement with Aljazira Takaful Taawuni Company.
Upon the deal, Bank Aljazira will provide marketing, distribution, and sales agreement of bancassurance products for Aljazira Takaful.

Sri Lanka

Allianz Insurance and HSBC Sri Lanka partner to offer world-class insurance products to HSBC Premier customers. The Island, July 23, 2021.

Allianz Insurance Limited (Allianz Lanka) has entered a 10-year exclusive bancassurance agreement with HSBC Sri Lanka. Allianz Lanka will offer the bank’s affluent customers two world-class insurance products: Global Health Medical Insurance that provides high quality healthcare services worldwide, and Student Companion to provide insurance solutions for students travelling overseas for education.

Tanzania

Exim Joins Bancassurance Bandwagon. All Africa, September 3, 2021.

Exim Bank Tanzania has launched its bancassurance scheme after partnering with some top insurers to provide top notch covers. The service will be offered through all the bank's branches in partnership with 10 insurance companies which have been licensed by Tanzania Insurance Regulatory Authority (TIRA).

Thailand

Kasikornbank approves distribution of life insurance products of Muang Thai Life Assurance. Press release, July 2, 2021.

KASIKORNBANK (KBank) has signed a bancassurance agreement with Muang Thai Life Assurance Public Company Limited. The bancassurance agreements allows KBank and its five subsidiaries to offer and/or distribute MTL life insurance products for a period of 10 years.

Vietnam

AIA Vietnam and Tiki announce Vietnam’s first comprehensive exclusive insurance and digital platform partnership. Taiwan News, July 5, 2021.

AIA Vietnam will become Tiki's exclusive insurance partner. Tiki's customers will gain access to highly relevant life and health insurance solutions via its e-commerce platform.