TATA AIG partners with Mahindra Finance to broaden distribution of non-life insurance products

TATA AIG, a prominent general insurance provider in India, has formed a strategic partnership with Mahindra Finance, an NBFC firm.

The collaboration aims to enhance the distribution of TATA AIG's non-life insurance products through Mahindra Finance's extensive customer network, which includes over 10 million customers.

Offering range of general insurance products

Under this partnership, TATA AIG will offer a comprehensive range of general insurance products. These products include motor insurance, health insurance, personal accident insurance, and other non-life insurance solutions.

The company said the wide array of products is designed to provide comprehensive protection and financial security to individuals and families across various regions.

Leadership comments

Neelesh Garg, Managing Director & CEO at TATA AIG General Insurance Co. Ltd, emphasized the importance of this partnership in making insurance products more accessible. He stated, "This collaboration with Mahindra Finance is an important move towards making our insurance products more accessible. Based on a common foundation of strong corporate governance and a robust value system, we are committed to offering customised solutions that cater to the diverse needs of our partners, ensuring comprehensive protection and financial security."

Raul Rebello, Managing Director & CEO of Mahindra Finance, also expressed his excitement about the partnership, saying, "It is a significant step in our commitment to facilitate agile and efficient products powered with personalised customer experience towards being a responsible financial solution partner to Emerging India."

Addressing the diverse needs of customers

According to the company's statement, the partnership focuses on delivering customer-centric insurance solutions that address the diverse needs of Mahindra Finance’s extensive customer base. 

The robust distribution network of Mahindra Finance, which includes 1,370 offices reaching out to customers in 380,000 villages and 7,000 towns across India, will facilitate the seamless delivery of TATA AIG's insurance products. 

TATA AIG General Insurance Company Limited is a joint venture between the TATA Group and American International Group (AIG).