Tata AIG and Mahindra Finance to distribute general insurance products

22 Jul 2024 CW Team

Tata AIG General Insurance Company Limited announced a strategic partnership with Mahindra Finance to distribute its non-life insurance products through Mahindra Finance's expansive customer network. Tata AIG, a joint venture between Tata Group and American International Group (AIG), will offer a range of general insurance products, including motor, health, personal accident, and other non-life insurance solutions, to over 10 million customers of Mahindra Finance.

?This collaboration with Mahindra Finance is an important move towards making our insurance products more accessible,? said Neelesh Garg, Managing Director & CEO, Tata AIG General Insurance.

Tata AIG General Insurance Company Limited boasts an AUM of Rs 268.54 billion and a distribution network spanning 220 locations. Mahindra Finance, which focuses on the rural and semi-urban sectors, serves over 10 million customers through its 1,370 offices, reaching out to customers in 380,000 villages and 7,000 towns across the country.

?This partnership is a significant step in our commitment to facilitate agile and efficient products powered with personalized customer experience towards being a responsible financial solution partner to Emerging India,? said Raul Rebello, Managing Director & CEO, Mahindra Finance. (Source: ET)

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