ICICI Lombard General Insurance, a leading private general insurer in India, has partnered with Mahindra & Mahindra Financial Services Limited, a prominent non-banking finance company, to offer motor insurance products to Mahindra Finance’s customers. This collaboration aims to provide accessible and tailored insurance solutions by combining Mahindra Finance’s extensive rural and semi-urban reach with ICICI Lombard’s expertise in motor insurance.
Through this partnership, Mahindra Finance customers will have access to a wide range of ICICI Lombard’s motor insurance products, ensuring that protection is seamlessly integrated into their financial journey. The tie-up is expected to drive financial inclusion by reaching Mahindra Finance’s wider customer base with timely and relevant insurance solutions.
Sanjeev Mantri, Managing Director & CEO of ICICI Lombard, stated that the partnership is an extension of the company’s approach to making insurance more accessible and integrated into customers’ everyday financial journey. He emphasized that the partnership will enable ICICI Lombard to serve urban customers and reach deeper into semi-urban and rural India through a trusted financial partner.
Raul Rebello, Managing Director & CEO of Mahindra Finance, said that the partnership represents another step in the company’s journey to empower customers with financial security. By combining ICICI Lombard’s insurance expertise with Mahindra Finance’s extensive reach, the partnership aims to strengthen financial security and resilience for millions of customers across the country.
The partnership is set to expand insurance penetration, enhance customer experience, and build financial resilience across India by leveraging the strengths of Mahindra Finance’s community presence and ICICI Lombard’s customer-centric, tech-driven approach. The collaboration is expected to provide individuals and businesses with the protection they need for their health, motor, assets, and livelihoods in a timely and seamless manner, driving financial inclusion and building a more resilient India.