Shriram General Insurance Company (SGIC) has entered into a strategic corporate agency partnership with SK Finance Ltd, a 31-year-old non-banking financial company (NBFC), to expand access to general insurance solutions across key markets.
Under the partnership, SGIC will offer its portfolio of general insurance products through SK Finance’s network of more than 700 branches and other designated distribution channels. The association is aimed at making relevant insurance protection solutions more accessible to customers, particularly across rural and semi-urban markets.
Expanding insurance access
The partnership combines SGIC’s general insurance capabilities with SK Finance’s extensive distribution network and presence across emerging markets. Customers will be able to access SGI’s insurance solutions through SK Finance’s distribution channels, while SGI will manage claims and servicing through its established mechanisms.
The partnership is expected to strengthen insurance awareness and improve access to protection products among customers who may have limited access to comprehensive insurance solutions.
Focus on financial resilience
SK Finance Ltd, Managing Director and CEO, Rajendra Kumar Setia, said: “Insurance is an important enabler of financial resilience, particularly for customers in rural and semi-urban markets, where access to comprehensive protection solutions can play a meaningful role in safeguarding their financial journeys. Our partnership with Shriram General Insurance is a step towards making relevant insurance solutions more accessible and seamlessly integrated with our financing ecosystem.”
He added that SK Finance’s presence across emerging markets, combined with continued investments in technology, would help bring insurance closer to customers and their families.
SGIC eyes wider customer reach
Shriram General Insurance Company, Executive Director and CM, Aftab Alvi, said: “We are delighted to partner with SK Finance to strengthen our distribution capabilities and expand access to our comprehensive insurance solutions across a broader customer base.”
He said the partnership would combine SGI’s customer-focused approach and experience in general insurance with SK Finance’s extensive reach and market presence to create greater awareness around insurance protection.
SGIC portfolio
Shriram General Insurance Company (SGIC), jointly owned by Shriram Group and Sanlam Group, South Africa, offers a range of general insurance products.
Its retail portfolio includes motor, home, personal accident and health insurance, while its corporate offerings include customised products covering fire, engineering and marine insurance.
As of June 2026, SGI managed assets worth ₹14,573 crore and had 72 lakh live policies. The company operated through 291 branches and had an employee strength of 4,413 across India.
SK Finance network
SK Finance Ltd is a 31-year-old NBFC providing asset-backed and secured financing solutions across commercial vehicles, passenger vehicles, tractors, construction equipment and secured business loans, among other segments.
The company has a strong presence in rural and semi-urban markets, operating through more than 700 branches across 12 states and two Union Territories. It serves unbanked and underbanked customers across India.
As of June 30, 2026, SK Finance’s assets under management (AUM) crossed ₹16,200 crore. The company focuses on responsible lending, customer-centricity and technology-led solutions to make financing more accessible.