This is in addition to the life insurance options that were made available at SingPost branches earlier this January - after the companies announced their exclusive 10-year postassurance partnership in July 2013. AXA hopes to expand to 44 branches, as well as offer business solutions by Q3 2015.
AXA is targeting SMEs, overseas Filipino workers, and expats and expect approximately 25 per cent of sales, on the life insurance from this distribution channel. With up to five financial advisors at each branch, as well as iPads displaying solution information to post office customers, AXA hopes to use this partnership to reach customers through a new channel.
AXA is a multi-access company working with agents, brokers, financial advisors and conduct direct business. What we want is to add community service - the post office - to our wide range of multi-access tools in order for clients to be able to choose.
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