Liberty General Insurance strengthens reach in rural Maharashtra, ties up with Maharashtra Gramin Bank
- Maharashtra Gramin Bank is the largest Regional Rural Bank in Maharashtra
- Tie-up will service 7 districts across 412 bank branches.
Chennai, June 21, 2021:Liberty General Insurance Ltd, one of the leading general insurance companies in India announced its strategic tie-up with Maharashtra Gramin Bank.
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.
This partnership will enable distribution of Liberty General Insurance’s products through Maharashtra Gramin Bank’s branch network in seven regions of Maharashtra viz, Aurangabad, Beed, Latur, Nanded, Parbhani, Thane and Nashik.Through this association Liberty General Insurance will offer a comprehensive range of relevant ge neral insurance products including health, two-wheeler, and motor insurance to Maharashtra Gramin Bank’s customers.
Speaking on this occasion Mr. Roopam Asthana, CEO & Whole Time Director, Liberty General Insurance said, ‘’Our partn ership with Maharashtra Gramin Bank is an important milestone in our journey to offer our market leading prod ucts through a trusted partner to a crucial segment of our country which has traditionally seen low insurance pe netration. 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 custo mers.’’
Senior official from Maharashtra Gramin Bank quoted“We at Mah arashtra Gramin Bank are confident that the Bancassurance partn ership with Liberty General Insurance shall add value to the bank’s esteemed individual customers and solicit, procure and service re tail lines of general insurance products and commercial lines pro ducts.” –
About Liberty General Insurance
Liberty General Insurance Ltd. (LGI) is a joint venture between Liberty Citystate holdings PTE Ltd—a group comp any of Liberty Mutual Insurance Group, a diversified global insurer with over 900 offices across the world, hea dquartered in the U.S. —Enam Securities, and Diamond Dealtrade. LGI commenced operations in 2013 with the aim of providing comprehensive retail, commercial and industrial insurance solutions. The company has an empl oyee strength of 1100+ with presence across 100+ locations in 28 states. Its partner network consists of about 5100+ hospitals and more than 4300 auto service centres. The company offers health and personal accident ins urance, car and two-wheeler insurance, employee compensation insurance, commercial insurance, fire and engi neering insurance, marine insurance and other miscellaneous insurance products in India.
About Maharashtra Gramin Bank
Maharashtra Gramin Bank is an Indian Regional Rural Bank or Gramin bank, in the State of Maharashtra with its head office is in Aurangabad. It is one 43 Gramin banks in India supported by the government that aim to bring banking services to rural areas.
