Nizamabad co-op bank ties up with Aviva

The Nizamabad District Co-operative Central Bank Ltd has entered into a bancassurance tie-up with Aviva Life Insurance. Under this initiative, the bank will provide popular insurance products from Aviva to its customers.

Products like EasyLife Plus (a unit-linked endowment product), LifeLong (a flexible whole life plan), PensionPlus (a retirement solution), SaveGuard (a unit-linked endowment plan) will now be available to the bank customers through its 32 branches.

"We are keen to expand our operations in Andhra Pradesh. The tie-up with the co-operative bank will help us strengthen our presence in the state and increase our potential customer base by 2 lakh. We seek to provide value in the form of innovative insurance plans to the bank customers and help them secure their future," Anil Sahgal, director of Aviva's bancassurance and business partnerships, stated in a press release here.

Co-operative organisation president Edla Raja Reddy said the bank had been in business for the past 84 years in the state.