Started as a free lance writer earlier for Maharashtra Herald Newspaper, then with the Pune-Mid-Day. Have also contributed for articles on websites
Rajasthan Gramin Bank (RGB), one of the largest rural banks in India and IFFCO- Tokio General Insurance Co. Ltd. (ITGI), a trusted player in general insurance, today announced that they have signed a Memorandum of Understanding. ITGI is the first private non life insurance player to have entered into a tie-up with RGB to cater to all insurance requirements of RGB’s customers through the bank’s 195 branches.
Commenting on the tie-up, Mr. S. K. Singhvi, Chairman, Rajasthan Gramin Bank said, “The tie-up with ITGI will help our customers access a full range of insurance products. Since we will be offering a wide range of financial products under one roof, it will also enable us to strengthen our relationships with existing customers, as well as acquire new customers.”
Speaking about the tie-up, Mr. N K Kedia, Director Marketing, IFFCO- Tokio General Insurance Co. Ltd. said, “The tie-up will help us leverage the widespread network and customer base of Rajasthan Gramin Bank. This partnership will bring quality products, service standards and business practices to the RGB customers, and will also help us in expanding our footprint in the state of Rajasthan.”
Today, ITGI has an enviable bancassurance track record along with one of the largest spreads, which covers the length and breadth of the country. The bancassurance model of ITGI successfully sells all types of insurance products that include variety of exclusive rural products.
About IFFCO TOKIO General Insurance Co. Ltd.
IFFCO TOKIO General Insurance Company (ITGI) is a joint venture promoted by Indian Farmers Fertiliser Co-operative (IFFCO) and its associates and The Tokio Marine and Nichido Fire, the largest insurance company in Japan. The Indian promoter’s contribution is 74 percent, while Tokio Marine has contributed 26 percent through group company Tokio Marine Asia Pte Ltd.
ITGI has a widespread network more than 170 offices across the country and many more in the pipeline for the coming year. The objective behind opening new offices is to cover the enormous spread of the country and reach the masses.
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