TATA AIG has announced a partnership with Mahindra Finance to expand the distribution of TATA AIG’s non-life insurance products, leveraging Mahindra Finance’s customer base.
Under the agreement, TATA AIG will offer a wide array of general insurance products, including vehicle, health, personal injury and other non-life insurance options, to more than 10 million Mahindra Finance customers.
Neelesh Garg, Managing Director (MD) and Chief Executive Officer (CEO), TATA AIG General Insurance, commented, “This partnership with Mahindra Finance is a crucial step in making our insurance products more accessible. With a shared commitment to strong corporate governance and robust values, we aim to provide customised solutions that meet the diverse needs of our partners, ensuring comprehensive protection and financial security.”
The alliance is designed to deliver customer-centric insurance products that address the unique needs of individuals and families across various regions.
Raul Rebello, MD and CEO, Mahindra Finance, said, “We are thrilled to form a strategic alliance with TATA AIG to offer insurance solutions to our customers. This is a significant step in our dedication to provide agile and efficient products, personalised customer experiences, and acting as a responsible financial solutions partner for Emerging India.”