M&M Finance Gets License from IRDAI to Enter Insurance Business.

Banking & Finance

Mahindra & Mahindra Financial Services has announced obtaining a certificate of registration from the Insurance Regulatory and Development Authority of India (IRDAI) for a Corporate Agency License. This licence permits Mahindra Finance to act as a corporate agent under the Insurance Act, 1938, across its extensive network of 1360+ branches.The corporate agency licence allows Mahindra Finance to broaden its product portfolio by integrating insurance solutions, aiming to meet both the financial and insurance needs of its over 10 million customers with assets of over USD 11 billion under a single entity.


      Mahindra Finance secures IRDAI corporate agency licence, valid from May 21, 2024, to May 20, 2027, empowering them to offer insurance solutions and enhancing services for over 10 million customers with assets over USD 11 billion.

     

     

 

     


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