Mumbai July 28, 2023 : Future Generali India Life Insurance Co. Ltd., a leading life insurance
provider, is pleased to announce a strategic alliance with JM Financial Services Limited, a prominent
financial services group. This partnership marks a significant step for Future Generali India Life
Insurance Co. Ltd. as it aims to elevate its insurance product offerings and extend its market
presence across the country.
The collaboration with JM Financial Services will unlock new opportunities for Future Generali India
Life Insurance to diversify its product portfolio and leverage on their distribution and financial
advisory capabilities. The partnership will capitalize on the strengths of both organizations, with an
amalgamation of innovative products offered by Future Generali India Life Insurance and
comprehensive distribution capabilities of JM Financial Services, creating synergies that will
empower individuals, families, and businesses to secure their financial future.
Key Features of the Partnership:
Expanded Insurance Offerings: The partnership will enable Future Generali India Life
Insurance to augment the reach of its product range, providing customers with sustainable
solutions to lead a financially secure future.
Enhanced Distribution Network: As part of this partnership, Future Generali India Life
Insurance will gain access to JM Financial Services’ extensive network and well-established
distribution channels, which include 54 branches, 725 Business Affiliates, and over 9000
Active Financial Distributors. This will enable Future Generali India Life Insurance to reach a
larger customer base of 2.20 lacs and cater to the diverse needs of individuals, corporations,
and financial institutions.
Customer-Centric Approach: Both Future Generali India Life Insurance and JM Financial
Services share a common commitment to prioritizing customers’ needs. Through this
collaboration, the focus will remain firmly on delivering exceptional customer experiences.
Mr. Bruce de Broize, Managing Director & CEO of Future Generali India Life Insurance Co. Ltd.,
expressed appreciation for the alliance, stating, “Our partnership with JM Financial Services marks a
significant milestone for Future Generali India Life Insurance. This collaboration will enable us to
provide comprehensive and innovative insurance solutions to a wider audience. We are excited about
the potential this alliance holds and how it will strengthen our dedication to ensuring financial
security for customers, making insurance more accessible and affordable for all segments of society.”
Mr. Dimplekumar Shah, Managing Director & Co Head – Equity Broking Group at JM Financial
Services Limited, said, “We are happy to partner with Future Generali Life Insurance Company Ltd.
and are confident that our strategic alliance will enable value creation across the board. Our key task
is to empower our customers with this significant financial protection tool and make it accessible for
everyone. With this tie–up, our customers can choose from a comprehensive suite of insurance
products and plan for a financially secure future. We remain committed to serving the evolving needs
of our customers and helping them achieve their life goals.”
Classification | Internal
Classification | Internal
Mr. Nirav Gandhi, Whole-time Director & Chief Operating Officer at JM Financial Services Limited,
expressed, “We are delighted to partner with Future Generali India Life Insurance Company Ltd. to
offer comprehensive insurance solutions to our customers. This collaboration reflects our
commitment to providing top-notch financial services and empowering individuals with a wide range
of insurance products. Together, we aim to make a positive impact on the lives of people across the
nation. This partnership will enable us to fulfill our vision of enabling our customers – existing and
new – to understand the value of life insurance better, and thereby make a more informed decision
on why it is useful for them.”
With this strategic alliance, Future Generali India Life Insurance Company Ltd will be poised to
leverage the expertise and network of JM Financial Services as it expands its market presence. JM
Financial Services’ partnership with Future Generali India Life Insurance will involve active promotion
of our comprehensive range of insurance products to its valued customer base. Moreover, gaining
access to JM Financial Services’ extensive portfolio will enable Future Generali to offer even more
tailored and innovative solutions to its customers. Working together on all channels, the partnership
brings about immense growth opportunities, empowering individuals and businesses across the
nation with superior financial protection and a secure future.