Future Generali India Life Insurance and Saraswat Bank foray into its Bancassurance Partnership

Future Generali India Life Insurance (FGILI) and Saraswat Bank has entered  into its 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 this agreement, Saraswat Bank will offer FGILI’s customised solutions to its customers, through its extensive network of over 250 branches, its sales force across the country as well as through their digital platforms. The objective of this partnership is to reach out to their customers, thereby improving the insurance protection gap and strengthening the distribution network of FGILI.

Speaking on this alliance, Munish Sharda, Managing Director & CEO, Future Generali India Life Insurance said,“We are extremely 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 through its 283 branches enjoys excellent relationships with its clients, and we are looking forward to be a solid partner with them in their growth endeavour.”

Mr. S.K. Banerji, Managing Director, Saraswat Bank said, “We are glad to have Future Generali as our Life Insurance Partner offering life insurance solutions. Their offer to work closely with the Bank in ensuring that the customers have very competitive terms and best possible service, shall benefit the customers immensely”.

This bancassurance partnership will be extended across all bank branches covering six major states – Maharashtra, Gujarat, Madhya Pradesh, Karnataka, Goa and Delhi.

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* and IITL – a leading NBFC.

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