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| Vishal Gandotra, Zonal Head, Rajneesh Srivastav (Regional Head) Fino Payments Bank, along with Akshay Ahuja (Cluster Head) and other team members of Fino Bank during launch of shop insurance policy in Ludhiana on June 15, 2022 |
Ludhiana, June 15, 2022 (News Team): Fino Payments Bank Limited announced that it has partnered with Go Digit General Insurance, one of India’s fastest growing general insurers, to offer shop insurance policy to small and medium business owners. The product was launched at an event organized at Fino Bank’s merchant point in Ludhiana. Vishal Gandotra, Zonal Head, Rajneesh Srivastav (Regional Head), Akshay Ahuja (Cluster Head) and other team members of Fino Bank were present at the launch event.
The tie-up will allow small and medium businesses to avail the benefits of Digit’s My Business Policy in case of any adverse event. The policy, which will be valid for one year, will cover loss or damage to the inventory or stock due to burglary, earthquake, fire, lightning, storm, flood, riots, among others. The policy will also include in-built coverages like money in safe, money in transit, etc.
Fino Bank’s customers will be able to enroll in the policy offered by Go Digit at an annual premium of Rs550 (for a sum insured of Rs 3 lakh), which will go up to Rs 2,600 (for a sum insured of Rs 15 lakh). This will allow customers to avail the cover as per their requirements.
Darpan Anand, EVP (North), Fino Payments Bank said, “Digit’s My Business Policy (shop insurance policy) takes forward our already existing association with Digit Insurance and is a step in the right direction to offer financial security to small business owners through our extensive distribution network.”
Nalini Venkat, Head – Institutional Business, Digit Insurance said, “Fino Bank’s extensive rural distribution network will give us an opportunity to take our insurance offerings to these under-penetrated markets.”
Vishal Gandotra, Zonal Head, (Haryana, Punjab, New Delhi, J&K) Fino Payments Bank said, “Customers can approach any of our more than10000 banking points spread across Punjab to directly enroll under Digit Insurance’s shop insurance policy in real time through a paperless process.”