Shriram General Insurance (SGI) has entered into a strategic corporate agency partnership with SK Finance Limited, aimed at expanding access to insurance solutions across India.
Under the partnership, SGI will offer its general insurance portfolio through SK Finance’s network of more than 700 branches and other designated distribution channels. While customers will access insurance through SK Finance’s network, SGI will manage claims and servicing through its existing mechanisms.
“Insurance is an important enabler of financial resilience, particularly for customers in rural and semi-urban markets, where access to comprehensive protection solutions can play a meaningful role in safeguarding their financial journeys. Our partnership with Shriram General Insurance is a step towards making relevant insurance solutions more accessible and seamlessly integrated with our financing ecosystem. With our strong presence across emerging markets, supported by continued investments in technology to simplify and strengthen customer engagement, we are well positioned to bring insurance closer to customers and their families. We look forward to working with SGI to expand awareness and access to insurance protection across the markets we serve,” said Rajendra Kumar Setia, Managing Director and CEO, SK Finance Limited.
For SGI, the partnership is expected to strengthen its distribution capabilities and extend its reach to a wider customer base.
“We are delighted to partner with SK Finance to strengthen our distribution capabilities and expand access to our comprehensive insurance solutions across a broader customer base. By combining SGI’s customer-focused approach and long-standing experience in general insurance with SK Finance’s extensive reach and market presence, we aim to create greater awareness around insurance protection and expand reach to more customers across the markets we serve,” said Aftab Alvi, Executive Director and CMO, Shriram General Insurance Company.
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