Mahindra Finance joins arms with Magma HDI to increase insurance coverage attain, ETCFO
Mahindra Finance, the non-banking monetary firm (NBFC) subsidiary of the Mahindra Group, on Wednesday introduced that it has entered into a company company settlement with Magma HDI Basic Insurance coverage Firm.
Via this partnership, Magma HDI goals to supply customised insurance coverage options to Mahindra Finance’s prospects, offering a spread of normal insurance coverage merchandise in each motor and non-motor classes.
This collaboration goals to boost the insurance coverage choices accessible to Mahindra Finance’s buyer base by enhancing buyer expertise and monetary safety throughout India.
“This strategic collaboration will present attain to the ever-growing insurance coverage sector whereas delivering on our dedication of being a accountable monetary answer accomplice to rising India,” mentioned Raul Rebello, MD & CEO, Mahindra Finance.
The settlement was signed at a proper ceremony attended by Raul Rebello, Managing Director and CEO of Mahindra Finance, and Rajive Kumaraswami, Managing Director and CEO of Magma HDI Basic Insurance coverage, together with different officers from each organizations.
