TATA AIG Enters into a Strategic Partnership with Mahindra Finance to Broaden Distribution of Non-Life Insurance Products

TATA AIG, a leading provider of general insurance in India, has announced a strategic partnership with Mahindra Finance one of India's leading Non-Banking Finance Companies. This collaboration aims to enhance the distribution of TATA AIG's nonlife insurance products to Mahindra Finance's extensive customer network.

Under this partnership, TATA AIG will offer a comprehensive range of general insurance products, including motor, health, personal accident, and other non-life insurance solutions to over 10 million customers of Mahindra Finance.

Neelesh Garg, Managing Director & CEO at TATA AIG General Insurance Co. Ltd, stated, "This collaboration with Mahindra Finance is an important move towards making our insurance products more accessible. Based on a common foundation of strong corporate governance and a robust value system, we are committed to offering customised solutions that cater to the diverse needs of our partners, ensuring comprehensive protection and financial security."

Raul Rebello, Managing Director & CEO, Mahindra Finance, said, "We are delighted to enter into a strategic alliance with TATA AIG to offer insurance solutions to our customers. It is a significant step in our commitment to facilitate agile and efficient products powered with personalised customer experience towards being a responsible financial solution partner to Emerging India".

The collaboration focuses on delivering customer-centric insurance solutions aimed at addressing the diverse needs of individuals and families across various regions. Mahindra Finance's robust distribution network will help in facilitating seamless delivery of TATA AIG's insurance products, ensuring a hassle-free experience for the customers.

Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 295.15 as compared to the previous close of Rs. 296.35. The total number of shares traded during the day was 70724 in over 1375 trades.

The stock hit an intraday high of Rs. 298.85 and intraday low of 290.80. The net turnover during the day was Rs. 20828644.00.

Source : Equity Bulls

Keywords

MahindraandMahindraFinancialServices INE774D01024 MahindraFinance TATAAIG StrategicPartnership