AIB life, a joint venture between AIB and Great-West Lifeco has officially launched.
The technology led life company is available to AIB's 3.2 million customers, and will offer life protection, pensions and investment products.
The new company will create 100 roles in customer service, technology, finance, compliance, risk and actuary at its Central Park office in Dublin and in Letterkenny, and expects to grow further over the next three years
AIB and Great-West Lifeco have together committed to investing over €250 million in total in AIB life.
"Customers can avail of advice and support from AIB’s existing network of 120 Financial Advisors nationwide. Once the customers have been suitably advised, they gain access to the new AIB life hub via the AIB Mobile Banking app," the company said in a statement.
Colin Hunt, Chief Executive Officer of AIB said today's launch of AIB life marks a key milestone in AIB's strategy to become a full provider of financial services.
"We are delighted to have formed a strong strategic alliance that marries the product and service expertise of Great-West Lifeco with AIB’s market-leading customer franchise, technology and distribution so that we can better support our customers in planning their financial lives,’’ he said.
Declan Bolger, Head of Great-West Lifeco’s operations in Ireland, said the move is an exciting step for the two businesses.
"It will enable AIB customers to access a range of innovative life, pension and investment solutions, supported by a network of experienced financial advisers, and to easily keep track of their plans through AIB’s Mobile Banking App.
"For Great-West Lifeco it represents another step in growing and diversifying our business in Ireland, helping customers to plan for and secure their financial futures," he added.
