Magma Insurance partners with Suryoday Bank to offer health insurance. Details here
Also Read: From premiums to claims process: Decoding key terms in insurance policies | 8 points The Memorandum of Understanding (MoU) was signed in Mumbai, with Rajive Kumaraswami, MD & CEO of Magma HDI General Insurance, Baskar Babu Ramachandran, MD & CEO of Suryoday Small Finance Bank, and other prominent figures from both organizations in attendance. Speaking on the occasion, Rajive Kumaraswami stated, “Our partnership with Suryoday Small Finance Bank marks a significant milestone in the company’s journey, strengthening our reach and distribution through the corporate agency.
This strategic alliance reflects our commitment to expanding insurance penetration to a broader customer base. Leveraging our decade-long experience in general insurance, coupled with Suryoday Bank’s extensive reach, we aim to forge synergies that benefit the customers and contribute to the growth of both organizations."
Also Read: The Top Benefits of Senior Citizens' Health Insurance Speaking on the occasion, Baskar Babu Ramachandran said, “Our strategic partnership with Magma HDI integrates health insurance seamlessly into our existing financial offerings.
With this partnership, we are poised to address the diverse financial needs of our commercial vehicle customers. This collaboration not only boosts our mission of social inclusiveness but also is a testament to our unwavering focus on prioritizing best-in-class financial customer-centric products and solutions."
Also Read: Your Questions Answered: As a married couple, should we get separate health insurance or share a single one? In the current era, possessing a health insurance policy is essential.
