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Insurance News

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(23 May 2024, 10:05)

Mahindra Finance obtains Corporate Agency License from IRDAI to distribute insurance products



Mahindra & Mahindra Financial Services said that it has obtained a certificate of registration (Corporate Agency License) from the Insurance regulator IRDAI to act as a 'corporate agent (composite)' under the Insurance Act, 1938.This license enable the company to offer tailored insurance plans to its customer base.

The corporate agency license will enable Mahindra Finance to expand its product portfolio by incorporating insurance solutions. This will enable customers to have their financial and insurance needs met by a single entity. By leveraging its common infrastructure of branch network and feet on the street, this process will increase companies' existing sources of revenue and profit.

Raul Rebello, managing director & CEO, Mahindra Finance stated,”The corp...

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