No Credit Score Check, quick processing and assistance via the customer portal – Life Assist
FinTech BizNews Service
Mumbai, March 29, 2024: With a focus on providing policyholders a hassle-free experience to meet their financial goals, Bajaj Allianz Life Insurance, one of the leading private life insurers, has digitized its process to offer pre-approved loan against their policy. Simplifying the borrowing process, the fully- digital and paperless facility eliminates credit score checks, enabling swift, paperless access to loans with minimal clicks. Bajaj Allianz Life offers loans against life insurance policies issued by them at a competitive interest rate ensuring affordability for its valued customers.
The Company's customer-centric approach has driven the improvisation of this digital process, ensuring a seamless customer experience that now enables loan disbursement within 24 hours.
Rajesh Krishnan, Chief Operations & Customer Experience Officer, Bajaj Allianz Life Insurance, says: "At Bajaj Allianz Life Insurance, we live by our Customer First promise in every initiative that we undertake. At the back of this philosophy, we're excited to introduce our revamped policy loan process, making it easier than ever for our customers to access funds. Our fully digital and paperless system ensures quick loan approvals within 24 hours, without the hassle of credit score checks. The streamlined approach not only speeds up the process but also fosters transparency, empowering customers to make informed decisions at every turn. We're dedicated to empowering our customers on their journey to achieving their life goals."
New streamlined processes guarantee faster loan disbursals within 24 hours, significantly reducing the turnaround time. The updated paperless process requires minimal clicks, ensuring a hassle-free experience for our customers. Transparency remains paramount, and with the revamped policy loan process, customers have full visibility of their loan amount from the start, empowering them to make informed decisions.
