Vakrangee ties up with HDFC ERGO to distribute general insurance products

India Infoline News Service | Mumbai | December 15, 2016 14:26 IST

The Vakrangee-HDFC ERGO tie-up is going to be a win-win affair for all stakeholders. While HDFC ERGO will be able to leverage a distribution network of more than 26000 outlets of Vakrangee including areas currently not served or underserved, Vakrangee will have an added range of quality products to offer through its vast distribution network.

Vakrangee
Vakrangee Limited, one of the India's largest network of technology driven last-mile retail points-of-sale and HDFC ERGO General Insurance Company, India’s leading private sector non-life insurance company enter into a Corporate Agency agreement for distribution of General Insurance products.
 
The Vakrangee-HDFC ERGO tie-up is going to be a win-win affair for all stakeholders. While HDFC ERGO will be able to leverage distribution network of more than 26000 outlets of Vakrangee including areas currently not served or underserved, Vakrangee will have added range of quality product to offer through its vast distribution network. Following the tie-up, citizens, especially in un-served and underserved areas, shall be able to access quality General Insurance products and services offered/to be offered by HDFC ERGO General Insurance Company.
 
HDFC ERGO General Insurance Company is a 51:49 joint venture between HDFC Ltd, India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of the Munich Re Group of Germany. The company offers complete range of General Insurance products ranging from Motor, Health, Travel, Home and Personal Accident in the retail space and customized products like Property, Marine and Liability Insurance in corporate space. HDFC ERGO is expanding its network across the country and is today present in 108 branches spread across 89 cities with an employee base of over 2000 professionals. The Company also has a wide distribution network besides its own direct sales force.

***Note: This is a NSE Chart

 

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