Chola MS and Mahindra Finance partner to offer non-life insurance policies

Anupama Ghosh Updated - August 08, 2024 at 11:14 AM.

Share price of Mahindra Finance rose by 9 points in both NSE and BSE on Wednesday

V. Suryanarayanan, MD, Chola MS General Insurance, at a press conference in Chennai | Photo Credit: Bijoy Ghosh

Chola MS General Insurance and Mahindra Finance have announced a partnership to offer comprehensive motor and other non-life insurance solutions to over 10 million MF customers. The share price of Mahindra and Mahindra Financial Services Limited rose by 9.90 points to close at ₹303.05 in NSE and 9.55 points (₹302.70) in BSE.

V. Suryanarayanan, MD of Chola MS, said, “This partnership with MMFSL will further strengthen our distribution network, unlocking growth opportunities through extensive reach. With our wide presence across 26 states, encompassing 600+ touchpoints and a diverse range of products including motor, home, health, personal accident, fire and more, we can cater to various customer segments across India.”

Raul Rebello, Managing Director & CEO, Mahindra Finance, said, “We are pleased to announce our strategic collaboration with Chola MS General Insurance to offer customised motor and other non-life insurance solutions to our customers. This partnership is yet another step towards enabling a personalised customer experience while reaffirming our commitment towards being a responsible financial solution partner to Emerging India.”

This partnership is expected to significantly expand Chola MS’s distribution network while providing Mahindra Finance customers with access to a wide range of insurance products, furthering both companies’ goals of providing comprehensive financial solutions to customers across India.

Published on August 7, 2024 12:39

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