This collaboration aims to enhance the distribution of TATA AIG's non-life insurance products to Mahindra Finance's extensive customer network.
FinTech BizNews Service
Mumbai, July 18, 2024: 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 non-life 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.
