New Delhi, May 26, 2026.
Shriram General Insurance (SGI) today
announced a strategic corporate agency partnership with Piramal Finance, a
leading retail-focused upper-layer NBFC in India, to improve access to
insurance solutions, particularly across semi-urban and rural markets.
Under the partnership, SGI will
leverage Piramal Finance’s extensive branch network and customer outreach to
offer its wide range of insurance products across 701 branches of Piramal
Finance spanning 26 states and over 13,000 pin codes.
The partnership reflects the shared
commitment of both organisations to make insurance solutions more accessible
and meaningful for customers, helping them safeguard their assets, livelihoods
and long-term financial well-being.By combining Shriram General Insurance’s long-standing
industry experience, customer-centric approach, and the trust it has built over
the years with Piramal Finance’s innovative ‘High Tech + High Touch’ approach,
the partnership aims to create seamless and convenient access to protection
solutions across diverse geographies.
Speaking on the partnership, Mr.Jairam
Sridharan, MD & CEO, Piramal Finance Limited, said:“We are pleasedto partner
with Shriram General Insurance toexpand the reach of insurance solutions across
our customer base, particularly in semi-urban and rural markets. Insurance
penetration remains low across many parts of India, especially in smaller towns
and there is a need for simpler and more inclusive protection solutions. For
many of our customers, a single unexpected event can set a family back
significantly. Insurance is therefore not just a product, but a way to protect
what they worked hard to build.
Through this partnership, we hope to
bring insurance products closer to customers through our extensive branch
network and on-ground presence, in a way that is simple, trusted and
accessible. As a company, we see this as an extension of our responsibility to
stand by our customers, helping them not just grow but stay protected.”
Mr. Aftab Alvi, Executive Director and
CMO, Shriram General Insurance Company, said:“We are delighted to partner with
Piramal Finance to further strengthen our distribution capabilities and expand
access to comprehensive insurance solutions across a broader customer base.
This collaboration brings together our customer-centric offerings and Piramal
Finance’s extensive reach and customer ecosystem, enabling us to enhance
insurance accessibility, particularly across underserved and emerging markets where
insurance penetration remains low.We believe this partnership will play a
meaningful role in deepening financial protection, driving greater awareness,
and delivering enhanced value to customers. It also reinforces our continued
commitment towards building strong strategic alliances that support sustainable
growth and wider insurance inclusion.”