The partnership is for motor insurance distribution
FinTech BizNews Service
Mumbai, August 11, 2025: ICICI Lombard General Insurance (ICICI Lombard), one of India’s
leading private general insurers, has joined hands with Mahindra & Mahindra Financial Services
Limited (Mahindra Finance), one of India’s leading non-banking finance companies, to distribute
motor insurance products to its customers. This collaboration aims to provide accessible,
tailored insurance solutions by combining Mahindra Finance’s extensive rural and semi-urban
reach with ICICI Lombard’s expertise in motor insurance.
Through this association, Mahindra Finance customers will gain access to a wide portfolio of
ICICI Lombard’s motor insurance offerings, ensuring that protection is embedded seamlessly
into their larger financial journey. The tie-up will also help drive financial inclusion by reaching
Mahindra Finance’s wider customer base with timely and relevant insurance solutions.
Sanjeev Mantri - Managing Director & CEO, ICICI Lombard, said, “At ICICI Lombard, we
have always believed that insurance must be built around the customers - accessible, relevant
and integrated into their everyday financial journey. Our multi-product, multi-channel strategy is
a reflection of this belief. Our partnership with Mahindra Finance is an extension of this
approach, enabling us to continue to serve the urban customers and reach deeper into semi-
urban and rural India through a trusted and respected financial partner. Together, we aim to
provide individuals and businesses with the protection they need- for their health, motor, assets
and livelihoods, in a timely and seamless manner. It’s a step forward in our shared commitment
to driving financial inclusion and building a more resilient India.”
Raul Rebello - Managing Director & CEO, Mahindra Finance, said, “At Mahindra Finance,
we are committed to delivering accessible and meaningful financial solutions to our customers,
by combining ICICI Lombard’s insurance expertise with Mahindra Finance’s extensive reach,
we aim to strengthen financial security and resilience for millions of customers across the
country. This partnership represents another step in our journey to empower customers with
financial security and reaffirm our commitment to being a trusted and responsible financial
solutions partner to Emerging India.”
By leveraging the strengths of Mahindra Finance’s deep-rooted community presence and ICICI
Lombard’s customer-centric, tech-driven approach, the partnership is set to expand insurance
penetration, enhance customer experience, and build financial resilience across the country.
