AU Small Finance Bank terminates agreement with Acko General Insurance

AU Small Finance Bank has terminated the Corporate Agency Agreement with digital insurance company Acko General Insurance Limited.

“The Intimation to IRDAI has been given on February 9, 2021, in this regard,” company said in a regulatory filing on Wednesday.

The company reportedly had partnered with Acko in March 2019 to provide customized insurance products to its customers.

AU Small Finance Bank Ltd was trading at Rs1103.05 per piece up Rs2.00 or 0.18% from its previous closing of Rs1,101.05 per piece on the BSE.

Source: IIFL