The Tie-Up combines the technology-controlled insurance expertise of Icici Lombard with the deep community of Mahindra Finance on rural markets. | Photocredit: Ridofranz
Icici Lombard General Insurance has entered into a strategic partnership with Mahindra & Mahindra Financial Services LTD to distribute motor insurance products, the companies announced on Monday. The collaboration is intended to use the extensive national and semi-urban network of Mahindra Finance to expand the penetration of insurance throughout India.
According to the scheme, MAHINDRA Finance customers get access to the full motor insurance sports folio from Icici Lombard. The partnership focuses on financial inclusion by reaching the customer base of Mahindra Finance of more than 11 million with integrated insurance solutions.
“Our cooperation with Mahindra Finance enables us to continue to serve urban customers and to reach deeper in semi-urban and national India through a trusted financial partner,” said Sanjeev Mantri, director and CEO of Icici Lombard. The insurer reported a gross written premium of £ 28,258 crore for the year ending on March 2025.
Financial security
Raul Rebello, director and CEO of Mahindra Finance, emphasized the role of the partnership in strengthening financial security for customers throughout the country. Mahindra Finance has 1,352 offices that cover more than 516,000 villages and 8,000 cities.
The Tie-Up combines the technology-controlled insurance expertise of Icici Lombard with the deep community of Mahindra Finance on rural markets. Icici Lombard arranges as the leading private general insurer of India, who has processed more than 3.2 million claims and has issued more than 37.6 million policy.
Published on August 11, 2025
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