3rd March 2025
GURUGRAM: Magma General Insurance Limited (Magma) has inked an MOU with Hyundai India Insurance Broking Pvt. Ltd.with Magma’s motor insurance products for both private and commercial passenger vehicles across 600+ dealerships in India.
As part of the alliance Magma’s comprehensive motor insurance solutions to safeguard against risks such as accidents, theft, natural disasters, and third-party liabilities will be made available for Hyundai customers
Sameer Samdani, Whole Time Director and Chief Executive Officer of Hyundai India Insurance Broking, said that this partnership will enhance insurance penetration by offering superior insurance solutions.
Rajive Kumaraswami, Managing Director and Chief Executive Officer, Magma General Insurance Limited, elaborating on the partnership said “This partnership is a strategic initiative for us to strengthen our passenger car portfolio. Through our bouquet of motor insurance products and more than a decade of expertise in underwriting different customer segments, we shall be able to support Hyundai India Insurance Broking customers with easy access to insurance and quality service across the country.”
