Mahindra Finance and Magma HDI General Insurance join hands to expand financial access for emerging India
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Magma HDI General Insurance Company, a fast-growing company in India’s general insurance sector has enteredinto a corporate agency agreementwith Mahindra Finance, one of the country’s leading NBFCs. Under this agreement, Magma HDI will provide tailor-made insurance solutions to Mahindra Financecustomers with a bouquet of general insurance products within the motor and non-motor segments.
The signing ceremonywas attended by Raul Rebello, Managing Director&CEOofMahindra Finance, and Rajive Kumaraswami, Managing Director and CEO of Magma HDI General Insurance in the presence of other senior officials.
Raul Rebello, Managing Director& CEO,Mahindra Finance,said, “We are glad to collaborate with Magma HDI General Insurance to offer tailored general insurance coverage to our customers. This strategic collaborationwill provide reach of the ever-growing insurance sector whiledelivering on our commitment of being aresponsible financial solution partner to emerging India”.
Rajive Kumaraswami, MD & CEO of Magma HDI General Insurancefurther elaborated,
"Our partnership with Mahindra Finance marks a significant step in uniting the ecosystem to advance the insurance industry's vision of 'Insurance for All by 2047.' By offering tailored insurance solutions, we are committed to enhancing our customers' financial security and ensuring the peace of mind they need to navigate life’s uncertainties.”
By leveraging the strengths of Mahindra Finance’s extensive reach & Magma HDI’s expertise in insurance, the collaboration seeks to enhance customer experience andfinancial security across India.
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