| Rajasthan Gramin Bank (RGB), one of the largest | | | | us in expanding our footprint in the state of |
| rural banks in India and IFFCO- Tokio General | | | | Rajasthan.” |
| Insurance Co. Ltd. (ITGI), a trusted player in | | | | Today, ITGI has an enviable bancassurance track |
| general insurance, today announced that they | | | | record along with one of the largest spreads, |
| have signed a Memorandum of Understanding. | | | | which covers the length and breadth of the |
| ITGI is the first private non life insurance player | | | | country. The bancassurance model of ITGI |
| to have entered into a tie-up with RGB to cater | | | | successfully sells all types of insurance products |
| to all insurance requirements of RGB’s | | | | that include variety of exclusive rural products. |
| customers through the bank’s 195 branches. | | | | |
| Commenting on the tie-up, Mr. S. K. Singhvi, | | | | About IFFCO TOKIO General Insurance Co. Ltd. |
| Chairman, Rajasthan Gramin Bank said, “The | | | | IFFCO TOKIO General Insurance Company (ITGI) |
| tie-up with ITGI will help our customers access a | | | | is a joint venture promoted by Indian Farmers |
| full range of insurance products. Since we will be | | | | Fertiliser Co-operative (IFFCO) and its associates |
| offering a wide range of financial products under | | | | and The Tokio Marine and Nichido Fire, the largest |
| one roof, it will also enable us to strengthen our | | | | insurance company in Japan. The Indian |
| relationships with existing customers, as well as | | | | promoter’s contribution is 74 percent, while |
| acquire new customers.” | | | | Tokio Marine has contributed 26 percent through |
| Speaking about the tie-up, Mr. N K Kedia, Director | | | | group company Tokio Marine Asia Pte Ltd. |
| Marketing, IFFCO- Tokio General Insurance Co. | | | | ITGI has a widespread network more than 170 |
| Ltd. said, “The tie-up will help us leverage the | | | | offices across the country and many more in the |
| widespread network and customer base of | | | | pipeline for the coming year. The objective behind |
| Rajasthan Gramin Bank. This partnership will bring | | | | opening new offices is to cover the enormous |
| quality products, service standards and business | | | | spread of the country and reach the masses. |
| practices to the RGB customers, and will also help | | | | |