Now ESAF Small Finance Bank customers to get financial protection from IFFCO Tokio General Insurance
While ESAF SFB is a Kerala-based scheduled bank, the IFFCO-Tokio General Insurance is a joint venture between the Indian Farmers Fertilizer Co-operative and Japan's Tokio Marine Group.
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In a move that will bring financial protection for the customers of the ESAF Small Finance Bank, the lender has tied up with IFFCO Tokio General Insurance Company. The partnership will enable several customers of ESAF SFB to enjoy the benefits of the organized financial protection products for their assets and health. IFFCO Tokio General Insurance has signed a Corporate Agency agreement with ESAF SFB in New Delhi today.
While ESAF SFB is a Kerala-based scheduled bank, the IFFCO-Tokio General Insurance is a joint venture between the Indian Farmers Fertilizer Co-operative (IFFCO) and Tokio Marine Group, a listed insurance group of Japan.
"With this partnership, ESAF SFB will further expand its financial services suite to its growing customer-base with value-packed insurance benefits. ESAF SFB will be able to provide its customers access to a wide array of simple yet value-rich general insurance products and services," said a press release by the company.
Warendra Sinha, MD & CEO, IFFCO Tokio General Insurance Company Limited said, “We are delighted to partner with ESAF Small Finance Bank. We look forward to take this journey together and hope to provide their customers with exclusive insurance products at affordable rates and boost the bank’s efforts in making them financially secured.”
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K Paul Thomas, MD & CEO, ESAF Small Finance Bank, said, "The collaboration with IFFCO Tokio General Insurance will help our customers – both existing and new – understand the value of insurance better, as a result, making a more informed choice. The customized insurance products and services of IFFCO Tokio General Insurance will cater to the general insurance needs of our customers."
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