Tata AIG Life, SIB in pact

Tata AIG Life Insurance Company and South Indian Bank have entered into a partnership to provide premium renewal collection services to Tata AIG Life's customers through 520 core banking solutions branches of the bank.

Tata AIG Life Insurance Company and South Indian Bank have entered into a partnership to provide premium renewal collection services to Tata AIG Life's customers through 520 core banking solutions branches of the bank.

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This partnership would provide Tata AIG Life's policy-holders the convenience of paying their renewal premiums by cheque or cash at the nearest branch of the bank, a press release issued in Mumbai on Tuesday stated.

This will especially be a convenience for rural customers, the release said.

Customers can make renewal premium payments by cheque or cash up to Rs 49,999 at the bank's branches.