Business EconomyPosted at: Jul 1 2025 12:49AM


AU SFB partners with LIC to expand life insurance access across country

Hyderabad, June 30 (UNI) AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank, today announced a strategic partnership with Life Insurance Corporation of India (LIC), the country’s largest life insurer, to expand life insurance access across the country.
The collaboration supports the national vision of ‘Insurance for All by 2047’, aimed at deepening insurance penetration and financial protection across India’s underserved population, the bank said in a release.
Under this tie-up, the bank will distribute LIC’s comprehensive portfolio of life insurance solutions, including term insurance, endowment plans, whole life policies, pension and annuity products, and child-specific plans catering to a broad spectrum of protection and retirement needs.
These offerings will be available across AU SFB’s 2,456+ banking touchpoints in 21 states and four union territories, significantly expanding LIC’s reach into rural and semi-urban regions.
Uttam Tibrewal, Executive Director and Deputy CEO, AU Small Finance Bank, said: "This strategic partnership brings together two institutions committed towards providing inclusive financial services to unserved and underserved. By leveraging our distribution strength and LIC's trusted insurance products, we aim to provide comprehensive protection and retirement solutions to customers across Bharat and enhance comprehensive banking experience.”
AU SFB is serving over 1.13 crore customers across 21 states and four union territories.
With over 2,456 banking touchpoints and a workforce of 50,900 plus employees, AU SFB offers a full suite of retail banking services including deposits, credit, insurance, investments, and digital innovations like 24x7 video banking and the AU 0101 app.
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AU SFB partners with LIC to expand life insurance access across country

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Hyderabad, June 30 (UNI) AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank, today announced a strategic partnership with Life Insurance Corporation of India (LIC), the country’s largest life insurer, to expand life insurance access across the country.

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RSS FOUR: 20100
RSS FIVE : 19800
ISNR TWENTY: 17900
SIXTY PERCENT LATEX: 14265
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RSS FIVE : 19800
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RSS Two : 19678
RSS Three: 19533
RSS Four : 19454
RSS Five : 19336
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