Calcutta, Dec. 18: Tata AIG Life Insurance Company today launched co-branded childrens education plans with its bancassurance partner United Bank of India (UBI) which celebrated its 58th foundation day today.
United Child Solutions, the co-branded scheme, offers options such as a lump sum payout at the end of the maturity period of the policy or money back at different stages during the term of the policy.
This is for the first time that Tata AIG Life Insurance Company is offering a co-branded product with its bancassurance partner. We have tailor-made various insurance solutions for childrens education available in the Tata AIG stable and packaged them under United Child Solutions, said Joydeep Roy, chief distribution officer of Tata AIG Life Insurance Company.
We are also working on other products such as pension and health insurance on similar lines, said P.K. Gupta, chairman and managing director of United Bank of India.
In fact, we are looking at a business of Rs 100 crore through the bancassurance tieup with Tata AIG, he added.