srbnewsbangla
Chennai, March 13, 2024: Royal Sundaram General Insurance Co. Limited, India’s first private sector general insurance company, post liberalization in 2000, has announced a general insurance partnership with Dvara KGFS, a private limited company headquartered in Chennai, Tamil Nadu. This collaboration will provide customers of Dvara KGFS with access to a comprehensive suite of Royal Sundaram’s general insurance products across their 400+ branches nationwide.
Mr. Amit S Ganorkar, Managing Director of Royal Sundaram, commented, “We are pleased to announce our partnership with Dvara KGFS. This collaboration signifies our commitment to creating a collaborative ecosystem within the financial sector in general and in improving the insurance penetration in the rural areas, in particular. Our extensive suite of general insurance products will now be accessible across 400+ Dvara KGFS branches, empowering customers with comprehensive, customised, and affordable solutions. This venture is a testament to our dedication to excellence and innovation, and we are proud to align ourselves with Dvara KGFS, a beacon of strong ethics and values. Together, we embark on a journey to enhance the well-being of our customers, providing them with the security and peace of mind they deserve.”
Mr. LVLN Murty, MD & CEO of Dvara KGFS, emphasized the importance of the partnership, stating, “The partnership with Royal Sundaram enhances our range of offerings and strengthens our commitment to delivering value. Providing access to best-in-class general insurance products aligns with our mission of maximizing the financial well-being of every individual and micro-business in rural India. This collaboration reflects our dedication to creating lasting value for our customers and communities, ensuring their financial security and peace of mind.”
About Dvara KGFS:
Established in August 2008 by Dvara Trust, Dvara KGFS operates with the mission of ensuring universal access to financial services for individuals and enterprises. Through its branch network in remote rural areas, Dvara KGFS offers a wide range of financial products and services, embodying this mission through its unique branch-based business model known as Kshetriya Gramin Financial Services (KGFS), which translates to “Regional Rural Financial Services.” As a systematically important rural fintech institution regulated by the RBI, the organization is committed to enhancing the financial well-being of every individual and nano or micro-business in remote rural India. Operating across 110 districts in 10 states, including Tamil Nadu, Uttarakhand, Uttar Pradesh, Karnataka, Chhattisgarh, Jharkhand, Punjab, Bihar, Haryana, and Odisha, Dvara KGFS has over 400 branches and serves more than 2.41 million customers. For more information, visit www.dvarakgfs.com.
About Royal Sundaram General Insurance Co. Limited
Royal Sundaram General Insurance Co. Limited, is the first private sector general insurance company in India to be licensed in October 2000 by the Insurance Regulatory and Development Authority of India. The company is currently a joint venture between Sundaram Finance (with 50% equity holding), – Ageas Insurance International N.V. (with 40% equity holding) and other Indian Shareholders (with 10% equity holding). Royal Sundaram has been providing innovative general insurance solutions to individuals, families, and businesses directly as well as through its intermediaries and affinity partners.
