Liberty General Insurance will offer general insurance products including health, two-wheeler and motor insurance to the customers of Maharashtra Gramin Bank.
• Maharashtra Gramin Bank is the largest Regional Rural Bank in Maharashtra
• Tie-up will service 7 districts across 412 bank branches.
Liberty General Insurance Ltd. announced a strategic tie-up with Maharashtra Gramin Bank that will enable distribution of Liberty General Insurance’s products through Maharashtra Gramin Bank’s branch network in seven regions of Maharashtra across Aurangabad, Beed, Latur, Nanded, Parbhani, Thane and Nashik.
Roopam Asthana, CEO & Whole Time Director, Liberty General Insurance said ‘’Our partnership with Maharashtra Gramin Bank is an important milestone in our journey to offer our market leading products through a trusted partner to a crucial segment of our country which has traditionally seen low insurance penetration. Our alliance with Maharashtra Gramin Bank will spearhead our expansion in Maharashtra and Liberty General Insurance Limited is deeply committed to providing the best service and products to the bank’s customers.’’
Sponsored by Bank of Maharashtra, Maharashtra Gramin Bank operates in Maharashtra with its head office in Aurangabad. It is the largest Regional Rural Bank (RRB) in Maharashtra and is one of the 43 gramin banks in India supported by the government to bring banking services to rural areas. It provides easily accessible banking and credit services to the rural population through its 412 branches.
Senior official from Maharashtra Gramin Bank quoted “We at Maharashtra Gramin Bank are confident that the Bancassurance partnership with Liberty General Insurance shall add value to the bank’s esteemed individual customers and solicit, procure and service retail lines of general insurance products and commercial lines products.”