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Business EconomyPosted at: Mar 3 2025 2:42PM


Magma General Insurance partners with HIIB for vehicle insurance

Mumbai, Mar 3 (UNI) Magma General Insurance Limited (Magma) has entered into a strategic partnership with Hyundai India Insurance Broking Pvt. Ltd. (HIIB) for vehicle Insurance.
Sameer Samdani, Whole Time Director and Chief Executive Officer of HIIB said “We aim to enhance insurance penetration by offering superior insurance solutions designed in association with the most trusted insurance companies. We are confident that our customers will benefit from Magma’s dynamic approach and solutions. The tie-up reinforces our proposition of delivering “Superior Products and One Class Above Experience to all our customers nationwide.”
Under the terms of the agreement, HIIB will offer Magma’s motor insurance products for both private and commercial passenger vehicles across 600+ dealerships in India.
The collaboration will enable vehicle owners to access Magma’s comprehensive motor insurance solutions to safeguard against risks such as accidents, theft, natural disasters, and third-party liabilities. The partnership reflects a shared commitment to providing customers with seamless, cost-effective, and accessible insurance services, a release said.


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