FGILI enters into bancassurance pact with Bajaj Finance

Future Generali India Life Insurance (FGILI) has entered into a Corporate Agency agreement with Bajaj Finance, an arm of Bajaj Finserv.
Under the agreement, Bajaj Finance will offer individual saving and protection products of Future Generali India Life Insurance to their new and existing customers through their vast nationwide distribution network, a release issued here said today.
"Bajaj Finance has a technology-driven, customer centric approach and offers simple products, which are delivered with speed. This indeed finds synergy with our philosophy of providing simpler and customised solutions to our customers and we strive to achieve the same speed and level of growth as them," FGILI Managing Director and Chief Executive Officer Munish Sharda said.

This partnership will help the company increase its distribution network and reach out to customers across the country, he added.
Bajaj Finance Managing Director Rajeev Jain said, "We had entered into a strategic partnership earlier this year to extend the no-cost EMI proposition from Bajaj Finserv to all formats of the retail giant, covering the complete spectrum of customers' lives - from grocery and household essentials to fashion and accessories, from small appliances to consumer durables, and from furniture to furnishing."
"The corporate agency arrangement with FGILI was the natural progression to the existing partnership between the two groups," said Jain.

This bancassurance tie-up with FGILI will enable Bajaj Finance to bring high quality products in the insurance arena to customers.
FGILI is a joint venture between Future Group, global insurance group and one of the world's 50 largest companies Assicurazioni Generali and NBFC IITL.