Tata AIG Life Insurance Co ties up with DBS Bank
Mumbai, Mar 28: Tata AIG Life Insurance Company Limited (Tata AIG Life) today (Mar 28, 2006) announced its strategic tie-up with DBS Bank of Singapore under which, DBS Bank will make the entire range of Tata AIG Life insurance products and services available to its customers at bank branches across India.
This tie-up will be significant for both partners, as it will enable Tata AIG Life Insurance to leverage DBS Bank's growing presence in India.
The alliance will also facilitate DBS Bank to offer a larger range of wealth management products and services to its customers, while also enhancing their fee-based income.
Commenting on the development, DBS Bank Vice Chairman Mr Frank Wong said, ''Singapore's largest bank is expanding its footprint in the region and it is very clear that India is one of the main engines of a resurgent Asia.'' ''We are strongly committed to this country and are investing heavily in strong partnerships to build our franchise here'', he added.
Also Tata AIG Life Insurance Company Chairman Mr Farrokh Kavarana said that Tata AIG Life and DBS Bank share similar values towards business and customers and the alliance would help in creating a long-lasting relationship.
These are exciting days for Tata AIG Life and the partnership with DBS Bank would open up new opportunities. Both organizations have a strong customer-centric approach to business, which will be the key differentiator in today's marketplace, he added.