Religare Broking Limited (RBL), one of India’s most reputed financial services company, is pleased to announce a formal partnership with Future Generali India Life Insurance Company Limited (FGILI). This partnership will enable Future Generali to offer its complete spectrum of insurance products to the registered clients of Religare Broking. Future Generali will also get access to a wide distribution reach as it would be able to leverage on the offline and online presence of Religare Broking.
Future Generali already has a presence in 103 cities and towns across India, which is likely to go up to 120 centres by March 2019. The partnership with Religare Broking will help Future Generali to expand its total presence to over 400 centres across India. Life insurance in India has gone much beyond being merely a tax saving tool. Adequate life insurance has become integral to people’s financial plans and plays a key role in de-risking their life cycle investments. In addition, Future Generali will also have the opportunity to leverage the vast customer database of Religare Broking, which predominates in the retail, HNI and SME segments.
Religare Broking is one of the largest and well diversified financial service providers in India and services over 11 lakh clients across over 1275 locations. The client base of Religare Broking includes retail customers, mass affluent clients, HNIs, SMEs as well as corporate clients. The partnership with Future Generali will add one more line of product offering for Religare. In addition, Religare also sees a natural fit into its financial advisory business as the best practices from Future Generali globally are likely to enable Religare to make a more granular offering to its customers.
The partnership between Religare Broking and Future Generali is expected to be a symbiotic one providing enhanced customer franchise to both the companies. Apart from benefiting from each other’s strong and diversified client base, the relationship also sets higher standards of customer delight and customer centricity for both the companies. Religare Broking offers sharp and granular insights into the Indian customer psyche to Future Generali while Religare benefits from the global advisory and financial planning franchise of the Future Generali group.
Munish Sharda, Managing Director & CEO, Future Generali India Life Insurance, summed up the partnership thus, “Religare Broking has an expansive network of customers pan India. Through this partnership our aim is to offer these customers insurance solutions that are smart yet simple to understand and fast to buy. The tie-up will enable us to reach out to a wider and diverse section of the population with need-based life insurance solutions.”
Nitin Aggarwal, CEO, Religare Broking, added: “We are delighted by this privileged association of Religare Broking and Future Generali India Life Insurance. The partnership will build enduring relationship with our customers. The tie up will add need-based life insurance solutions to our wide basket of investment offerings. We look forward to a truly remarkable and rewarding way ahead with Future Generali India Life Insurance (FGILI)”
