Tata AIG Life ties up with Family Credit Limited

Mumbai, Jul 15 (UNI) Tata AIG Life Insurance Company Limited (Tata AIG Life), one of the India's leading life insurance companies today said it will offer insurance solutions to the customers of Family Credit Limited, the consumer finance organisation of Societe Generale Consumer Finance.

Through this partnership, Tata AIG Life will provide 'Personal Loan Insurance' - a Group Insurance package - for STPL customers of Family Credit Limited, a release issued here stated.

Family Credit Life has a network of 35 branches and this will provide Tata AIG Life a ready made platform to access Family Credit Life's client base with its insurance solutions, the release said.

Personal Loan Insurance will provide effective cover against death of the customer due to any reason classified as 'natural', 'accident' or 'sickness'. A customer-friendly feature of this plan is the waiver of medical tests up to a limit of Rs 5 lakh and till 55 years of age.

Commenting on this recent development, Tata AIG Life Chief Distribution Officer Joydeep Roy said, ''Even as we anticipate customer needs while designing insurance products, we are looking at associations with companies like Family Credit Limited to reach them.'' Commenting on the development, Family Credit Limited Chief Business Officer Parthanil Ghosh said, ''This initiative is primarily dedicated to the benefit of our valued customers so that the customer and his or her family can enjoy the credit awaited without any worry of repayment in case of an unforeseen tragedy as they get the credit secured. '' UNI GR SR AG1507