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Future Generali India Insurance ties up with UCO Bank

ANI  |  New Delhi [India] 

Future Generali Company Limited (FGII), a joint venture between Future Group - the game changers in Retail Trade in and Generali - a 186 years old global group, has entered into a corporate agency tie-up for its products with UCO Bank, one of the owned commercial banks in Through the tie-up, Future Generali will offer its health and PA, motor, travel, home and rural products across 3050 branches of

K.G. Krishnamoorthy Rao, MD and CEO, Future Generali Company Limited exchanged the Corporate Agency Agreement with Ravi Krishan Takkar, MD and CEO, on March 15, 2017.

K.G. Krishnamoorthy Rao, MD and CEO, Future Generali Company Limited commented on the occasion, "Bancassurance is a key medium to reach out to the masses. Customers can directly walk into the and seek advice from executives they have been trusting over the years. We aim to offer products to bank's customers and enter new markets. The is headquartered in Kolkata and through this tie-up we aim to widen our customer outreach to Eastern "

"We are motivated to partner with and look forward to the journey to achieve our objective of servicing customers in both urban and rural areas. Through this association, we expect to cover 26 million customers of the and abide by our aim of offering the best products to the customers," said Senior VP Bancassurance and Zonal Manager West, Future Generali Company Limited, Anurag Sinha.

Currently Bancassurance accounts for five percent of Future Generali's total Recently, the company tied-up with of Maharashtra.

Additionally, it has tie-ups with over 100 banks across the country. Strengthening across all the partner banks coupled with the new association of UCO Bank, the company aims to achieve a growth of 80 percent by end of FY18.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 15 2017. 16:35 IST