Future First, Arohan MFI plan to cover 3 million people

Kolkata: Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern India’s largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc. While Arohan has 2.2 million touch points across the country, Future First has already distributed insurance products to 5 lakh under-served people. Future First, now has plans to cover 3 million people from the underserved segment over the next couple of years.

Manoj Kumar Nambiar, Managing Director & Board Member, Arohan Financial Services, said; “Enabling financial inclusion has been the foremost focus of Arohan’s unique products and service propositions, made possible on an end-to-end technology-driven platform which has been recognised as the best in the industry. I am certain that our partnership with Future First will play a significant role in the realisation of our vision of impacting over 20 million lives by the year 2025.”

Vineet Rai, Founder & Group Chairman, Aavishkaar Group, said, “Aavishkaar Group exists to bridge the opportunity gap for the emerging 3 billion in Asia and Africa. Across Aavishkaar Capital — the equity vertical, Intellecap — the knowledge vertical and the group’s lending businesses, we seek to ensure that access to finance is made available to the underserved.” He said that since Arohan already has such large ecosystem, it can come up with vital feedbacks while designing of the customized products, which is Future First’s forte.