Under the agreement, Bajaj Finance 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, a release issued here said today.
"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," FGILI Managing Director and Chief Executive Officer Munish Sharda said.
Bajaj Finance Managing Director Rajeev Jain said, "We 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," said Jain.
FGILI is a joint venture between Future Group, global insurance group and one of the world's 50 largest companies Assicurazioni Generali and NBFC IITL.