HDFC’s JV ties up with Muthoottu Mini Financiers
17th Jul 2019

HDFC ERGO General Insurance Company, a 51:49 joint venture between the Housing Development Finance Corporation (HDFC) and ERGO International AG, has partnered with Muthoottu Mini Financiers for the distribution of HDFC ERGO’s range of non-life insurance offerings for the customers of the NBFC through its network branches.

The two companies have entered into a corporate agency partnership with the endeavour to provide customers’ with comprehensive general insurance products through Muthoottu Mini Financiers’s widespread network of over 750 branches which spreads across 10 states and 2 union territories in India.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.