Namdev Finvest & Bajaj Allianz General Insurance to offer inclusive financial solutions

By Gloria Mathias

Namdev Finvest, an India-based NBFC catering to MSMEs, green financing, and small business loans, has announced its alliance with Bajaj Allianz General Insurance, India’s insurance platform. Together, they will offer comprehensive financial solutions, including insurance and NBFC services, to elevate customer service to unprecedented heights.

With this partnership, Namdev and Bajaj General Insurance aim to enhance the market penetration of insurance and NBFC services in the underserved segment.

The strategic alliance leverages Namdev’s extensive customer network and geographic presence, backed by Bajaj General Insurance’s expertise in insurance products. As a result, the integrated products and services are expected to be rolled out in phases, with the initial offerings being available in key markets.

Jitendra Tanwar, Managing Director of Namdev Finvest, shared, “We are thrilled to join forces with Bajaj Allianz General Insurance. This collaboration enhances our product offerings and delivers integrated financial solutions that meet the evolving needs of our customers. Together, we will drive financial inclusion and provide peace of mind through robust insurance products.”

As part of this collaboration, Namdev strives to enhance its product portfolio, and offer complete risk cover against assets, thereby providing added value to its customers. Simultaneously, Bajaj General Insurance plans to leverage Namdev’s wide customer base to deliver tailored insurance products and boast increased market reach. With plans to simplify the customer experience, both companies will offer a one-stop shop for all financial needs, combining loans, credit facilities, and insurance services.

Alpana Singh, Head-Bancassurance, Agri and Government Business, Bajaj Allianz General Insurance, said, “We are delighted to partner with Namdev Finvest in this strategic alliance. This collaboration marks a pivotal moment in our journey to provide comprehensive and accessible financial solutions to our customers. By combining our expertise in insurance products with Namdev Finvest’s extensive customer network of more than 100 branches and significant geographic presence, we aim to deliver unmatched value and protection.”

At its core, this collaboration will prioritise the delivery of improved customer experience through the integration of streamlined processes, personalised advice, and robust support systems.