HDFC ERGO, country’s third largest non-life insurance provider in the private sector, announced that it has entered in into a strategic agreement with ItzCash (also known as ITIPL i.e. Interactive Tradex India Pvt. Ltd.), India’s leading Financial Exchange, to offer general insurance product on its ‘PHYGITAL’ platform.
The partnership inked will offer a wide range of general insurance policies including health, motor, fire and auto. All these products will be easily available and accessible to customers through ItzCash’s extensive distribution network across the country. Under the arrangement, the entire process right from filing an application to making the payment will be executed digitally through ItzCash’s network thus eradicating the possibilities of human error and other delays to offer customer service on a real-time basis. The partnership will also provide the customers with the convenience to pay premium at the nearest ItzCash outlet.
Speaking on the occasion, Mr. Anuj Tyagi, Executive Director, HDFC ERGO General Insurance Company said, “We are happy to associate with a growing organisation like ItzCash, who offer unique solutions to customers. Their proven business operations allow us to collaborate and expand our reach by offering health, home and fire insurance to a wider audience across the country through the Company’s digital platform.”
He further added, “We see immense opportunity in this association and firmly believe that ItzCash clients will gain a great deal from the bouquet of our products.”
Mr. Ravi Singh – Chief Business Officer, ItzCash on the occasion said, “Being the pioneer and the country’s leading financial exchange, ItzCash enjoys the trust of millions of its customers. With the onus of brand trust and an unbeatable retail reach through the country, we are well geared to redefine the insurance experience. We are proud to partner with HDFC ERGO wherein besides leveraging technology our association very aptly serves our honourable PM’s national agenda of ‘financial inclusion’ while on-boarding our customers digitally.”
The initiative serves the national agenda of ‘financial inclusion’ and will also enhance HDFC ERGO’s reach in tier II and III towns and cities through ItzCash’s nationwide franchise network.