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Monday, February 01, 2016

Vakrangee partners Tata AIG to distribute insurance products

Vakrangee has said that it has tied up with Tata AIG General Insurance Company Limited, a joint venture between TATA Group and American International Group (AIG) to distribute quality General Insurance products through Vakrangee distribution network. “By this tie-up, citizens, especially in un-served and underserved areas shall now be able to access quality general insurance products offered by TATA AIG General Insurance Company Limited,” the company informed in a filing to the Bombay Stock Exchange. Incorporated in 1990, Vakrangee is a unique technology driven company focused on building India's largest network of last-mile retail touch points to deliver real-time banking, insurance, e-governance, e-commerce and ATM services to the unserved rural, semi-urban and urban markets. Meanwhile, shares of the company were trading at Rs 185.65 apiece, up 1.59 per cent from the previous close at 09:47 hours on BSE.