Asset Management
DBS Bank Partners With Aviva To Target India's Wealthy
DBS Bank has partnered with
Aviva Life Insurance to offer bancassurance products to high
net worth clients in India.
Under the deal, DBS Bank will be acting as the corporate agent
for Aviva's bancassurance products, including Avia LifeLife,
Pension Elite, Aviva Young Scholar, Aviva Health Plus, and
SaveGuard to high net worth clients in the country.
Singapore-based DBS, which by itself already offers banking and
wealth management services, currently has ten branches in
India.
"Given the fast changing market dynamics and its volatility,
customers today are seeking avenues for financial security. With
this strategic tie-up Aviva and DBS can address this very need of
the customers through our products and services," said TR
Ramchandran, chief executive officer and managing director of
Aviva India in a statement.
Both companies are also planning to take their partnership to
China and Taiwan in the future.
