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maw: Mahindra Insurance Brokers and Mad About Wheels collaborate to jointly provide Motor insurance solution to MAW clients

by Euro Times
August 24, 2022
in Finance
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Mahindra Insurance coverage Brokers Restricted (MIBL), a subsidiary of Mahindra & Mahindra Monetary Companies (Mahindra Finance), as we speak introduced its partnership with Mad About Wheels (MaW) – India’s first model agnostic electrical mobility & automotive options supplier. By way of this strategic partnership, MaW sellers who’ve been onboarded, will now have the ability to present complete motor insurance coverage merchandise to prospects shopping for electrical two and three-wheeler autos.

The partnership will give MaW sellers promoting electrical 2-wheeler & 3-wheeler autos, an entry to varied insurance coverage merchandise supplied by MIBL’s insurance coverage companions. The purchasers can successfully examine and choose an insurance coverage cowl that meets their particular person and particular necessities.

Vedanarayanan Seshadri, MD & Principal Officer, MIBL mentioned, “This distinctive distribution partnership will allow MaW dealer-partners to make the most of MIBL’s platform to offer insurance coverage merchandise to the rising and ever evolving EV business and the rising necessity daily. Given the speedy progress of two and three-wheeler fleets in India this partnership will facilitate insurance coverage by way of MAW supplier companions with a large attain.”

Amresh Khar, Co-Founding father of Mad About Wheels added, “The MIBL affiliation will assist us enhance our attain into this rising sector & on-board new age sellers in addition to OEM manufacturers to construct extra confidence into the EV enterprise. I’m certain that the EV business at giant would be the benefactors of this sort of a singular partnership. Our Flagship product of Prolonged Warranties is operating efficiently, the place we now have already crossed 20,000 thousand prospects”.

The affiliation has been fashioned holding in thoughts the rising and ever evolving EV business and the need of insurance coverage for such merchandise, the corporate mentioned



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Tags: BrokersclientscollaborateInsurancejointlyMadMahindramawMotorProvidesolutionwheels
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