Mahindra Finance to foray into life, health, and general insurance | Company News

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Illustration: Binay Sinha

Mahindra & Mahindra Financial Services on Friday announced that it will enter the life, health and general insurance business. The company will initially invest Rs 5 crore to Rs 10 crore towards technology, hiring training and certification.

In a regulatory filing, the company said, “We have approved undertaking supplemental business activity of soliciting and procuring insurance business as a corporate agent (composite) in the areas of life, health and general insurance- both group and individual.”

This will be subject to obtaining necessary approvals from