Vakrangee Ltd announces corporate agency tie-up with SBI General Insurance

Vakrangee Limited (IRDA Registration Code: CA0249) is pleased to announce its strategic corporate agency tie-up with SBI General Insurance Company Limited, one of India's most trusted and leading general insurance providers.

Through this partnership, Vakrangee Kendras across the country will now be able to offer a wide range of general insurance solutions-including motor, health, home, travel, and personal accident insurance-ensuring comprehensive protection for millions of customers. The collaboration is focused on driving insurance penetration in underserved rural and semi-urban areas, where access to such financial protection remains limited.

This tie-up will empower citizens in Tier 4 to Tier 6 towns and villages to safeguard their families, assets, and livelihoods against unforeseen risks, reinforcing Vakrangee's commitment to last-mile delivery of essential financial services.

Commenting on this partnership, Mr. Vedant Nandwana, Managing Director, Vakrangee Limited, said that: "We are proud to join hands with SBI General Insurance, a brand that stands for trust, credibility, and customer-centricity. Through this collaboration, our extensive Vakrangee Kendra network will now be able to offer a comprehensive range of general insurance products to every corner of the country. By making insurance accessible and affordable at the grassroots level, we aim to empower families across Bharat with financial protection, security, and peace of mind against life's uncertainties."

Vakrangee Kendras are exclusive, branded outlets providing a diverse range of services including banking, insurance, assisted e-commerce, e-governance, ATM access, and healthcare. With more than 83% of outlets situated in Tier 4-Tier 6 locations, this partnership is expected to significantly enhance the reach of general insurance solutions to some of India's most remote and underserved regions.

Vakrangee continues to strengthen its portfolio by collaborating with leading industry players, reaffirming its vision of delivering a "one-stop solution" for all essential needs. The company remains committed to fulfilling its brand promise - "Ab Poori Duniya Pados Mein."

Note: Vakrangee Limited (IRDAI Reg. No: CA0249) is a registered Corporate Agent of SBI General Insurance Company Limited. Vakrangee does not underwrite risk or act as an insurer. Insurance is subject to underwriting and policy terms & conditions.

Shares of Vakrangee Limited was last trading in BSE at Rs. 8.55 as compared to the previous close of Rs. 8.53. The total number of shares traded during the day was 368757 in over 828 trades.

The stock hit an intraday high of Rs. 8.69 and intraday low of 8.51. The net turnover during the day was Rs. 3157010.00.

Source : Equity Bulls

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Vakrangee INE051B01021 CorporateAgency TieUp SBIGeneralInsuranceCompany