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The corporate agency license would help in broadening Mahindra Finances product portfolio by incorporating insurance solutions. It would help customers with their financial and insurance needs being met by a single entity. The process would augment the companys existing sources of revenue and profits as it deploys its common infrastructure of branch network and feet on street.
Mahindra & Mahindra Financial Services has obtained a corporate agency licence from the IRDAI, allowing it to sell life and general insurance policies. The licence, valid from May 2024 to May 2027, will enable Mahindra Finance to diversify its revenue streams and enhance customer service across its extensive branch network.
Mahindra Finance obtains IRDAI corporate agency license, expanding insurance offerings to enhance customer service and revenue growth.
Although relatively new, insurance industry insiders are pinning their hopes on bancassurance, as they believe the nationwide banking networks can finally help them penetrate the uninsured populace. Banking in insurance (bancassurance) is a system that enables sale of...
Although relatively new, insurance industry insiders are pinning their hopes on bancassurance, as they believe the nationwide banking networks can finally help them penetrate the uninsured populace. Banking in insurance (bancassurance) is a system that enables sale of...