Bajaj Allianz and BHW Birla Home Finance sign cooperation MOU

Mumbai: Bajaj Allianz Life and General Insurance and BHW Birla Home Finance Ltd, the German-owned housing finance company, have agreed to tie-up. The main objective of the tie-up is to jointly provide a comprehensive product portfolio of life and general insurance policies, home finance and deposit schemes and tailor-made multi-finance customer solutions in the Indian market. This will include innovative and competitively priced combined products.

Joint marketing activities would start as soon as all approvals needed from the respective authorities are in place. Bajaj Allianz and BHW Birla Home Finance Limited hope to provide the entire spectrum of products to their respective customers. Both companies would be able to offer a wide choice from the collective product portfolio besides customised products.

According to Sam Ghosh, country manager and CEO, Bajaj Allianz Life Insurance, "This partnership adds not only another innovative product range to our offerings but also enables us to provide life and general insurance products to BHW Birla's extensive customer base. We are confident that both our customer-bases will greatly benefit from this relationship."