With a view to expanding further into the financial services sector, we commenced insurance broking services through our wholly owned subsidiary Mahindra Insurance Brokers Ltd. (MIBL) in 2004.

MIBL received its Direct Broking license from the Insurance Regulatory and Development Authority in May 2004. The direct broking activities cover both Life and Non-Life insurance for corporate and retail customers. MIBL is committed to providing customised solutions geared to best meet the specific needs of customers.

One such customised, cost-effective life insurance solution, conceptualised by MIBL for Mahindra Finance retail customers is a Group Credit Term cover - Mahindra Loan Suraksha. This cover is offered to customers availing of auto and tractor loans from Mahindra Finance. In the unfortunate event of death of the customer, the outstanding loan amount is waived off and the customer’s family is able to retain the vehicle.

MIBL is one of the few insurance broking companies in India to receive the prestigious ISO 9001:2000 Certification for Quality Management Systems.