Money & Banking

IFFCO Tokio General Insurance inks strategic partnership with ESAF Small Finance Bank

K.R. Srivats New Delhi | Updated on March 21, 2019

ESAF to offer customers IFFCO Tokio’s gamut of general insurance solutions

IFFCO Tokio General Insurance Company Ltd, a private general insurer, has entered into a strategic partnership with Kerala-based ESAF Small Finance Bank (ESAF SFB), a scheduled bank.

The partnership will enable customers of ESAF SFB to enjoy the benefits of organised financial protection products for their assets and health. IFFCO Tokio General Insurance signed a corporate agency agreement with ESAF SFB at an event in the Capital.

With this partnership, ESAF SFB would expand its financial services suite with value-added benefits. ESAF SFB would be able to provide its customers access to an array of simple yet value-rich general insurance products and services.

Speaking at the signing ceremony, Warendra Sinha, MD & CEO, IFFCO Tokio General Insurance Company Ltd said, “We are delighted to partner ESAF Small Finance Bank since their model of delivering financial services to the un-served and under-served segments is unique. We look forward to taking this journey together and hope to provide their customers exclusive insurance products at affordable rates and boost the bank’s efforts in making them financially secure.”

K. Paul Thomas, MD & CEO, ESAF Small Finance Bank, said, “Our aim is to bring the marginalised community into the fold of formal financial services. We are extremely happy to have IFFCO Tokio General Insurance as a partner in that mission. The collaboration with IFFCO Tokio General Insurance will help our customers understand the value of insurance better. The customised insurance products and services of IFFCO Tokio General Insurance will cater to the general insurance needs of our customers.”

Published on March 21, 2019

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