Nikhil Shimpi has joined Axis Bank as Senior Vice President and Head – Life Insurance & Credit Life within the bank’s Third Party Products (TPP) team. In his new role, he will focus on strengthening the bank’s life insurance and credit life portfolio, with an emphasis on protection-led financial solutions, customer relevance and long-term value creation. Shimpi said his focus will include building scale and developing relevant protection solutions for Axis Bank customers.
Shimpi brings more than two decades of experience across life insurance, bancassurance, distribution and financial services. Before joining Axis Bank, he spent nearly six years with Tata AIA Life Insurance, most recently as Senior Vice President & Head – TATA Ecosystem. Earlier, he held senior roles at Future Generali India Life Insurance, Standard Chartered Bank and Bharti AXA Life Insurance, where his responsibilities included bancassurance, distribution partnerships, credit life, group insurance, wealth propositions and sales leadership.
His appointment comes with extensive experience in developing insurance distribution and partnership-led businesses. At Axis Bank, his responsibilities will include the Life Insurance and Credit Life Products portfolio within the TPP business, areas that are important to the bank’s broader third-party financial-products strategy. The appointment also brings specialised experience in bancassurance and protection products at a time when banks and insurers are placing greater emphasis on customer-focused insurance distribution.
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