{"id":3864,"date":"2019-07-18T10:01:52","date_gmt":"2019-07-18T10:01:52","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=3864"},"modified":"2019-07-18T10:01:54","modified_gmt":"2019-07-18T10:01:54","slug":"corporate-agency-agreement-between-muthoottu-mini-financiers-ltd-and-hdfc-ergo","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/corporate-agency-agreement-between-muthoottu-mini-financiers-ltd-and-hdfc-ergo\/","title":{"rendered":"Corporate Agency Agreement between Muthoottu Mini Financiers Ltd and HDFC ERGO"},"content":{"rendered":"\n<p>A Bancassurance Corporate Agency Agreement between Muthoottu Mini Financiers Ltd and HDFC ERGO was held to provide comprehensive general insurance for the customers through its network branches. The two companies have entered into a corporate agency partnership with the endeavour to provide customers\u2019 with comprehensive general insurance products through Muthoottu Mini Financiers Ltd.\u2019s widespread network of over 750 branches which spreads across 10 states and 2 union territories in India.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/current-affairs-quiz-2019-daily-gk\/\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs Quiz 2019<\/a><\/strong><\/p>\n\n\n\n<p>Through\nthis association, HDFC ERGO will further strengthen its foothold in southern\nIndia, leveraging the NBFC\u2019s wide network and edge in priority lending sector.\nThe tie-up also provides Muthoottu Mini Financiers Ltd. the advantage to offer\ntheir customers\u2019 comprehensive solutions for their financial requirements under\na single roof.<\/p>\n\n\n\n<p>Commenting\non the tie-up,&nbsp;Anuj Tyagi,&nbsp;Executive Director &amp; Chief Business\nOfficer,&nbsp;HDFC ERGO General Insurance&nbsp;said,&nbsp;\u201cThe association with\nMuthoottu Mini Financiers Ltd. is an important milestone for us in our growth\nstrategy. Their robust network will help us well establish our grip, especially\nin the southern part of our country. This adds another feather in our cap and\nis yet another step in reaching out to customers\u2019&nbsp;and making our products\navailable to&nbsp;all possible sections of the society.\u201d<\/p>\n\n\n\n<p>Dr.\nKurian P Abraham, CEO &#8211; Muthoottu Mini Financiers Ltd.&nbsp;said,&nbsp;\u201cWe are\ndelighted to announce HDFC ERGO as our Bancassurance partner. This alliance\nmarks the reaffirmation of our commitment towards our customers\u2019 financial\nwell-being by providing them with comprehensive insurance solutions. We look\nupto this partnership with high expectations of best-in-class insurance service\nexperience for our customers, as a part of our 360-degree financial service offerings.\u201d<\/p>\n\n\n\n<p><strong>About HDFC ERGO<\/strong><\/p>\n\n\n\n<p>HDFC\nERGO General Insurance Company is a 51:49 joint venture between the Housing\nDevelopment Finance Corporation Ltd. (HDFC); India\u2019s premier Housing Finance\nInstitution and ERGO International AG; the primary insurance entity of the\nMunich Re Group of Germany. In August 2017, with IRDAI\u2019s approval for the\nmerger of HDFC ERGO General Insurance Co. Ltd. with HDFC General Insurance Ltd.\n(formerly Known as L&amp;T General Insurance Co. Ltd.), the Company marked the\nfirst merger in the General Insurance sector. The merged entity, known as HDFC\nERGO General Insurance Co. Ltd., is the third largest General Insurance\nprovider in the private sector.<\/p>\n\n\n\n<p>HDFC\nERGO offers policies like Motor, Health, Travel, Home, Personal Accident and\nCyber Insurance in the retail space and customized policies like Property,\nMarine and Liability Insurance in the corporate space through its vast network\nof 122 branches spread across 106 cities and a wide distribution network.<\/p>\n\n\n\n<p><strong>About Muthoottu Mini\nFinanciers Ltd.<\/strong><\/p>\n\n\n\n<p>Established\nin 1921 in Kozhencherry, Pathanamthitta, Kerala by&nbsp;Sri. M Mathew,\nMuthoottu Mini&nbsp;was initially a small firm engaged in financing and Chit\nFund business. Subsequently, the promoters applied their sound banking\nexperience and took Muthoottu Mini into corporate arena. This arm of the\nMuthoottu Mini Group has since built an impressive business and made for itself\na reputation for reliability in private banking circles throughout Kerala,\nTamil Nadu, Karnataka, Andhra Pradesh, Goa, Delhi, Haryana and Maharashtra.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Bancassurance Corporate Agency Agreement between Muthoottu Mini Financiers Ltd and HDFC ERGO was held to provide comprehensive general insurance for the customers through its network branches. The two companies have entered into a corporate agency partnership with the endeavour to provide customers\u2019 with comprehensive general insurance products through Muthoottu Mini Financiers Ltd.\u2019s widespread network [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":3867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[177,176],"offerexpiration":[],"class_list":["post-3864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-hdfc-ergo","tag-muthoottu-mini-financiers-ltd"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=3864"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3864\/revisions"}],"predecessor-version":[{"id":3868,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3864\/revisions\/3868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/3867"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=3864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=3864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=3864"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=3864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}