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Monday, April 10, 2006

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News Update as at 18.00 hrs (IST)

Banking & Finance
Standard Chartered, Bajaj Allianz launch co-branded card

MUMBAI: Standard Chartered Bank and Bajaj Allianz Life Insurance on Monday launched their life insurance co-branded credit card that enables policy holders pay their insurance premiums and avail of discounts at 140 medical and diagnostic centres across t he country.

"This would create round the year earning opportunity for Bajaj Allianz and Standard Chartered. Together, we would be able to provide a very hard working credit card for our customers which will secure their future and bring them peace of mind," Bajaj Al lianz Life Insurance CEO Sam Ghosh said here.

Both companies entered into a strategic partnership back in 2002 and since then Standard Chartered has been exclusively distributing Bajaj Allianz's products to its customers.

"We are delighted to take this bancassurance-model partnership to its next level," Standard Chartered Bank CEO Neeraj Swaroop said. - PTI

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