Future Generali India Life Insurance Company Limited inks pact with Religare Broking Ltd to strengthen its distribution network
Future Generali India Life Insurance Company Limited inks pact with Religare Broking Ltd to strengthen its distribution network
Signs a corporate agency agreement to offer FGILI’s insurance solutions to Religare Broking Ltd customers
Mumbai, 20th February, 2019 : Strengthening its distribution network in the country, Future Generali India Life Insurance Company Limited (FGILI), today announced its partnership with Religare Broking Ltd (RBL). RBL is the award-winning broking arm of India’s leading diversified financial services group, Religare Enterprises Limited. As per the agreement, Religare Broking will now offer FGILI’s protection products to their new and existing customers within their vast nationwide distribution network.
Religare Broking is a leading multi-asset class broking and retail distribution platform with an omnichannel presence, serving over 10 lakh clients across both online and offline platforms. The partnership will ensure a greater reach and penetration for FGILI products to Religare Broking’s extensive database of customers extending to more than 400 cities. Future Generali India Life Insurance has a nationwide presence through their 103 branches across India. The company plans to increase their footprint to 117 branches by March 2019 and further revamp 3 locations.
Speaking on the partnership, Mr. Munish Sharda, Managing Director & CEO, Future Generali India Life Insurance Company Limited said, “Religare Broking Ltd has an expansive network of customers pan India. Also customer centricity and customer delight are common values that we share with Religare Broking Ltd. Through this partnership our aim is to offer these customers insurance solutions that are smart yet simple to understand and fast to buy. The tie-up will enable us to reach out to a wider and diverse section of the population with need-based life insurance solutions. We look forward to an amazing and fulfilling journey ahead with Religare Broking Ltd”
Commenting on this development, Mr. Nitin Aggarwal, CEO, Religare Broking Limited said “We are delighted to announce this privileged association of Religare Broking Ltd and Future Generali India Life Insurance. The partnership will enable building up an enduring relationship with our customers. Future Generali India Life Insurance being a renowned name in the insurance sector and Religare Broking Ltd having a massive footprint pan India, the tie up will add need-based life insurance solutions offering to our wide basket of investment products. We look forward to an remarkable and rewarding way ahead with Future Generali India Life Insurance Company Limited (FGILI)”
GENERALI GROUP :
Generali is an independent, Italian Group, with a strong international presence. Established in 1831, it is among the world’s leading insurers and it is present in over 60 countries with total premium income exceeding €70 billion in 2016. With over 74,000 employees in the world, and 55 million clients, the Group has a leading position in Western Europe and an increasingly significant presence in the markets of Central and Eastern Europe and in Asia. In 2017 Generali Group was included among the most sustainable companies in the world by the Corporate Knights ranking.
Future Group :
Future Group operates some of India’s most popular retail chains including Central, Big Bazaar, Food Bazaar, Home Town and eZone. Apart from its allied businesses in Life and General insurance, the Group is also present in the domain of logistics infrastructure and supply chain and brand development. The group operates over 17 million square feet of retail space in over 90 cities and towns and 60 rural locations across India. The group’s retail formats connect over 300 million customers to over 30,000 small, medium and large enterprises that supply products and services to its retail chains. Future Group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the group’s core value of ‘Indianness.’ The group’s corporate credo is, ‘Rewrite rules, Retain values’.
