Shriram General Insurance (SGI) has entered into a corporate agency partnership with Piramal Finance to expand access to insurance products, particularly in semi-urban and rural markets.
The partnership was announced on Monday through a joint statement issued by the two companies.
Focus on Rural and Semi-Urban Insurance Penetration
Under the agreement, SGI will utilise Piramal Finance’s extensive distribution network to offer a wide range of insurance products across the country.
Key highlights of the partnership include:
- Coverage through 701 branches of Piramal Finance
- Presence across 26 states
- Reach spanning more than 13,000 pin codes
The collaboration aims to improve insurance accessibility for customers in underserved and emerging markets.
Enhancing Financial Protection
According to the companies, the partnership reflects their shared commitment to strengthening financial protection and risk coverage for customers.
The alliance is expected to help individuals and businesses:
- Safeguard assets
- Protect livelihoods
- Improve long-term financial security
The companies also stated that the partnership would create seamless and convenient access to insurance solutions across diverse geographies.