You are here: Home » News-ANI » Business
Business Standard

Future Generali India Insurance ties up with Bank of Maharashtra

ANI  |  New Delhi [India] 

Future Generali company ltd., 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 of Maharashtra, one of the leading Public Sector banks in With this association, the banks' customers will be able to avail motor, home, shopkeeper and rural products at any of the 1,896 branches of the

Anurag Sinha, Senior VP - Bancassurance and Zonal Manager - West exchanged the Corporate Agency Agreement with Ravindra Prabhakar Marathe, MD and CEO, of on 25th January 2017.

"Bancassurance is one of the key avenues to distribute insurance products across wider audience. An association with which is one of the largest banks in India, will aid us in building a strong outreach network for our customers," said MD and CEO Future Generali India Insurance, KG Krishnamoorthy Rao.

"Through this partnership, we aim to immensely benefit our customers by providing them an ease of access while choosing from a diverse range of non-life insurance products, all under one roof. We hope to continue to create huge value for our customers on a long term basis and are optimistic that the corporate agency arrangement will be a success," said MD and CEO Bank of Maharashtra, Ravindra Prabhakar Marathe.

"We are delighted to partner with and look forward to the journey to achieve our objective to be a trusted insurer. Through this association, we expect to touch and cover 15 million customers of the bank with our value added products and services," said Senior VP Bancassurance and Zonal Manager - West, Future Generali India Insurance, Anurag Sinha.

Currently Bancassurance accounts for five percent of Future Generali's total It has tie-ups with over 100 banks across the country. Strengthening across all the partner banks coupled with the new association of Bank of Maharashtra, 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: Mon, January 30 2017. 17:39 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU