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FGLI enters into a distribution agreement with Bajaj Finance Ltd.

A corporate agency agreement to offer FGILI’s simple and smart solutions to the customers of Bajaj Finance

Future Generali India Life Insurance (FGILI) has entered into a Corporate Agency agreement with Bajaj Finance Limited, the lending arm of Bajaj Finserv Ltd and one of the most diversified NBFCs in India. As per the agreement, Bajaj Finance Ltd 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.

Speaking on this partnership, Munish Sharda, Managing Director & Chief Executive Officer, Future Generali India Life Insurance said, “We are extremely excited about our partnership with one of the fastest growing NBFCs. 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. This partnership will help us increase our distribution network and reach out to their customers across the country.”

Speaking on the occasion, Rajeev Jain, Managing Director, Bajaj Finance Ltd, said, “Bajaj Finserv and Future group 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”.

“Our partnership with Future Generali India Life Insurance will enable us to bring high quality products in the insurance arena to our customers. Having built a strong customer-centric franchise, we believe that our new bancassurance tie-up with a trusted brand like FGILI further reasserts our role in our customer’s life of enabling better realities.”

Future Generali India Life Insurance Company Ltd. is a joint venture between Future Group - the leading retailer of India, Assicurazioni Generali - a global insurance group and one of the world’s 50 largest companies - a leading NBFC.

For more information, please click life.futuregenerali.in

GENERALI GROUP

The Generali Group is one of the largest global insurance providers with 2014 total premium income exceeding €70 billion. With 78,000 employees worldwide serving 72 million insured persons in more than 60 countries, the Group occupies a leadership position on West European markets and an increasingly important place on markets in Central Eastern Europe and Asia. In Asia, the Group operates in 10 markets: China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, Thailand and Vietnam. Generali ranked among the world’s 50 smartest companies in 2015 according to the MIT Technology Review. Generali is the only insurer to be listed.

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’.

BAJAJ FINANCE LTD.

Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 7 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Infrastructure Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans, and Wealth Management services. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

To know more please visit https://www.bajajfinserv.in/finance/.

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