Bajaj Allianz insurance sign MoU with a Kerala-based firm

KOCHI: Bajaj Allianz Life Insurance Company, one of the leading private sector life insurance company in India, signed an MoU with Kozhencherry M M Financial Services Private Limited, in Pathanamthitta district, to distribute life insurance to customers in Kerala, here on Thursday.

Speaking on the occasion, Yogesh Gupta, Head, Business Procurement, said 'this tie-up will greatly improve our distribution strength in Kerala and help provide life insurance solutions across rural and semi-rural customer base of Kozhencherry M M Financial Services Pvt Ltd'.

Bajaj Allianz Life Inusrance has the strongest distribution network across the country through its over 1000 branches spread over 950 towns, he said.

Bajaj Allianz Life Insurance has already sold over 5 million policies, he said.

Currently Bajaj Allianz has a product portfolio of over 30 flexible and simple products and more need-based products are in the pipeline, Gupta said.

Kozhencherry M M financial Services is part of the Mini Muthootu Group.