Banking Group Investec has added a Comprehensive Life Insurance offering to its product arsenal aimed exclusively at its private banking customers.
Investec Life which had been under development since October 2016 was not a response to Discovery Bank according to Deon Katz, head of Investec Private Bank South Africa.
Investec was continually seeking to meet clients needs and improve on its online banking and investment platform.
The launch of Investec Life, a digital proposition with high-touch service was a natural evolution says Katz.
Banks and Insurance firms are increasingly encroaching on one another’s territory.