Complimentary synergies of both companies to bring Rubique’s customers a comprehensive suite of insurance covers including motor, home, travel and SMEs
Mumbai, April 26, 2017: Rubique, the one-stop online marketplace providing technology enabled end-to-end solutions to facilitate the financing needs of individuals and SMEs, has entered into a strategic agreement with Tata AIG General Insurance Company Limited as its corporate agent for selling general insurance products on its platform. The partnership will offer policies providing protection for a range of insurance needs including Motor, Travel, Home, and initiation of SMEs. All these products will be easily available and accessible on Rubique’s online platform.
Commenting on the collaboration, Manavjeet Singh, Founder and CEO of Rubique said,, “Our customer’s interest is a priority for us and thus we are constantly evolving our services and enhancing our product portfolio to keep up with their varied needs and expectations. In keeping with the same efforts, we joined hands with Tata AIG General Insurance Company Limited for the wide product range they offer and the specific expertise they have displayed over the years in providing impeccable insurance facilities to clients the world over.”
Neelesh Grg, MD & CEO, Tata AIG General Insurance Company Limited “Rubique has in a short span of time, remarkably fulfilled the financial requirements of numerous, diverse customers across India and is constantly increasing its count of loan originations. By introducing Tata AIG General Insurance Company Limited’s products on their platform, we look forward to leveraging the platform’s deep and wide distribution network and their strong customer portfolio, especially in the SME segment to enhance the growth and profitability of both companies. We antedate a long and fruitful collaboration with Rubique, assisting clients for all their General Insurance needs throughout the policy cycle.”
The platform will be extending its insurance solutions to all its existing customers as well as the new ones. Rubique has till now evaluated a substantial customer database and has processed loans worth over INR 1250 crores, besides issuing 31,000+ credit cards through its 65+ partner financial institutions like Aditya Birla Finance, American Express, HDFC, ICICI, Citibank etc., generating a revenue of INR 17 crore. It has recently enhanced its product portfolio with comprehensive insurance services by partnering with Bajaj Allianz and HDFC Life as well.
About Rubique
Fintech Company Rubique is the leading marketplace lending platform in India. The platform empowers individuals & SMEs with an easy & smoother access to finance through wide range of loan & credit card products. Built on proprietary matchmaking algorithm, Rubique’s marketplace platform has been integrated with financial institutions’ systems for real time processing & for providing online approvals to the customer. The advance technology solution not only reduces the processing time significantly but the data analytics done on hundreds of data points helps to bring predictability & assess creditworthiness offering best deal to their customer.
About Tata AIG General Insurance Company:
Tata AIG General Insurance Company Limited is a joint venture between the Tata Group and the American International Group (AIG). Tata AIG General Insurance Company Limited celebrated 16 years of service this year (2016) since it commenced operations on January 22, 2001. The company has made a mark in the industry by launching several innovative products and services over the years.
Tata AIG General Insurance Company Limited has a workforce of about 2833 employees present in 152 branches across India. The company’s products are available through various channels of distribution such as Agency which has a combined strength of 10,328 licensed agents and a very strong Broking channel of 347 licensed brokers. Tata AIGGeneral Insurance Company Limited has an empowered claims team, with an in-house capability of 400 plus experts spread across 90 centers in India. The customer service team comprises of 450 team members, operating from various