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Future Generali India Life Insurance (FGILI) and Saraswat Bank today entered into a bancassurance partnership.
Munish Sharda, Managing Director & CEO, FGILI, and S.K. Banerji, Managing Director, Saraswat Bank, signed an agreement to this effect in Mumbai today. Under the agreement, Saraswat Bank will offer FGILI’s customised solutions to its customers through its network of over 250 branches, its sales force across the country as well as through their digital platforms. The objective of the partnership is to reach out to their customers, thereby improving the insurance protection gap and strengthening the distribution network of FGILI.
Munish Sharda, Managing Director & CEO, Future Generali India Life Insurance said, “We are excited with our partnership with Saraswat Bank. This partnership is in line with our strategy to grow our business on the back of simple, customer-centric solutions and need-based sales process. Saraswat Bank enjoys excellent relationships with its clients, and we are looking forward to be a solid partner with them.”
S.K. Banerji, Managing Director, Saraswat Bank said, "We are glad to have Future Generali as our life insurance partner. Their offer to work with the bank in ensuring that the customers have competitive terms and good service will benefit the customers immensely”.
This bancassurance partnership will be extended across all the bank's branches in Maharashtra, Gujarat, Madhya Pradesh, Karnataka, Goa and Delhi.
Future Generali India Life Insurance Company Ltd is a joint venture between retailer Future Group, Assicurazioni Generali, a global insurance group, and IITL, an NBFC.
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