Future Generali India Enters into a Distribution Agreement with Bajaj Finance

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. 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.”