Magma HDI General Insurance has entered into a partnership with IndoStar Capital Finance Limited (ICFL), a non-banking financial company (NBFC). This collaboration aims to enhance access to motor, health and commercial insurance products, providing customers with financial and insurance solutions in one place.
The agreement was formalised at a ceremony in Mumbai, attended by Karthikeyan Srinivasan, Chief Executive Officer (CEO), IndoStar Capital Finance and Rajive Kumaraswami, Managing Director (MD) and CEO, Magma HDI General Insurance, along with senior officials from both organisations.
Commenting on the collaboration, Karthikeyan Srinivasan, CEO, ICFL, said, “This partnership aligns with our vision of delivering holistic financial services to our customers. By offering insurance alongside our financial solutions, we aim to empower our customers with seamless and reliable protection for their assets and well-being.”
The partnership will offer ICFL, Magma HDI’s range of insurance products, ensuring seamless access for customers.
Rajive Kumaraswami, MD and CEO, Magma HDI General Insurance, stated, “We are delighted to partner with IndoStar Capital Finance, as we see a strong synergy in our target customer audience. By combining their reach with our expertise in underwriting risks, this collaboration enables us to deliver greater value to customers. Together, we remain committed to advancing accessibility and creating tailored offerings.”
This partnership aims to enhance customer convenience and broaden access to financial and insurance services, empowering individuals and businesses with tailored solutions to safeguard their assets and well-being.
anupam@b2bmarketmedia.com
