Shriram General Insurance partners with SK Finance Ltd
New Delhi, Sep 8: Shriram General Insurance (SGI) today announced a strategic corporate agency partnership with SK Finance Limited, a 31-year-old leading NBFC in India.
The partnership aims at expanding access to insurance solutions and increasing access to insurance protection for customers across key markets.
Through this partnership, SGI will offer its range of general insurance solutions through SK Finance’s 700+ branch network and other designated distribution channels.
The association will enable customers to access relevant insurance solutions through SK Finance’s extensive distribution network, while the claims and servicing process will be handled by SGI through its established servicing and claims mechanisms.
Speaking on the partnership, Rajendra Kumar Setia, Managing Director and CEO, SK Finance Limited, said: “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.”
Aftab Alvi, Executive Director and CMO, Shriram General Insurance Company, said: “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.”
About Shriram General Insurance Company Limited:
Shriram General Insurance Company (SGIC), jointly owned by Shriram Group and Sanlam Group, South Africa, offers a complete range of general insurance products, ranging from motor, home, personal accidents and health in the retail space and customized products like fire, engineering, and marine insurance for corporate customers.
About SK Finance Limited
SK Finance Limited is a 31-year-old leading NBFC providing asset-backed and secured financing solutions across a diverse range of segments, including Commercial Vehicles, Passenger Vehicles, Tractors, Construction Equipment and Secured Business Loans, among others. (BVI)
