Chola MS and Mahindra Finance Join Forces for Insurance Solutions

Chola MS General Insurance, a prominent player in the non-life insurance sector, has entered into a strategic alliance with Mahindra Finance, a leading Non-Banking Finance Company in India. This collaboration aims to extend comprehensive motor and non-life insurance solutions to over 10 million Mahindra Finance customers.

By leveraging Mahindra Finance’s extensive reach across India, Chola MS seeks to expand its customer base and enhance its insurance offerings. The partnership will focus on developing innovative, digitally-driven insurance solutions tailored to the diverse needs of Indian consumers. These solutions will provide customers with robust financial protection for themselves and their families.

Both companies are committed to delivering exceptional service through a combination of innovation and consistent performance. This strategic partnership marks a significant step towards providing wider access to insurance coverage and strengthening the financial security of millions of Indians.

Suryanarayanan, MD of Chola MS, stated, “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 and CEO of 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 in enabling a personalised customer experience while reaffirming our commitment towards being a responsible financial solution partner to Emerging India”.

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (Mahindra Finance) is one of India’s leading non-banking finance companies. It is focused on the rural and semi-urban sectors. The company serves over 10 million customers and has an AUM of over USD 12.5 Billion.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.