New
Delhi. Magma HDI General Insurance, a fast-growing company in
India’s general insurance sector, announces a strategic partnership with
IndoStar Capital Finance Limited (ICFL), a prominent non-banking financial
company (NBFC).
The corporate agent agreement signing
ceremony was held in Mumbai and attended by Mr. Karthikeyan Srinivasan, Chief
Executive Officer of IndoStar Capital Finance Limited and Mr. Rajive Kumaraswami, MD and Chief
Executive Officer of Magma HDI General InsuranceLimited along with some senior officials
from both companies.
IndoStar Capital Finance will now
offer Magma HDI’s health, commercial and motor insurance solutions to its
customers as part of this collaboration. The partnership highlights a mutual
commitment to delivering comprehensive financial services, ensuring enhanced
convenience and protection under one roof.
Speaking on the occasion, Mr.
Karthikeyan Srinivasan, Chief Executive Officer of IndoStar Capital Finance
Limited, said, "This partnership aligns with our vision of delivering holistic
financial services to our customers. By offering insurance alongside our
financial solutions, we aim to empower our customers with seamless and reliable
protection for their assets and well-being.”
Echoing these sentiments, Mr. Rajive Kumaraswami,MD and Chief Executive Officer, Magma HDI
General Insurance Limited shared, "We are delighted to partner with IndoStar
Capital Finance, as we see a strong synergy in our target customer audience. By
combining their extensive reach with our expertise in underwriting risks, this
collaboration enables us to deliver greater value to customers. Together, we
remain committed to advancing accessibility and creating tailored offerings.”
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