Future Generali India Insurance, a joint venture between India’s leading retailer Future Group and Italy based global insurance provider Generali, announces its tie up with Punjab & Maharashtra Co-operative Bank, one of the leading multi-state Scheduled Urban Co-operative Bank.
The bank presently operates from Maharashtra, Delhi, Karnataka and Goa. The tie-up was officially announced in an event attended by the senior leadership of both companies. From Punjab & Maharashtra Co-operative Bank, Mr. K. Joy Thomas – Managing Director and Mr. H. Krishna Karanth – General Manager were present at the event held in Mumbai.
The tie-up will enable Future Generali to sell general insurance products to the bank’s huge customer base that is spread across 97 branches. The bank branches will act as a one stop shop for its customers for all their general insurance needs. This tie-up will ensure that the bank’s clients and staff get variety of products under one roof without having to step out of the branch.
Commenting on this tie-up, Mr. K.G. Krishnamoorthy Rao, MD & CEO, Future Generali India Insurance said, “It will be our endeavor to provide total insurance solutions to the rich client base of Punjab & Maharashtra Co-operative Bank, through innovative and tailor made products to serve them better. This will also facilitate greater penetration of our products in the market and there is much to leverage from one another’s strengths through this association”.
