Leading private lender Muthoot Finance Limited has announced its partnership with Kotak Mahindra General Insurance to offer complimentary COVID-19 insurance cover for its gold loan customers.
“During these uncertain times, Muthoot Finance is extending the double benefit to its customers – the Company is offering higher per gram lending rate for Gold Loan along with complimentary Covid-19 cover up to Rs. 1, 00,000 for its MSL Scheme gold loan customers,” the company in its statement said.
“Muthoot Finance Ayush Gold Loan is an exclusive initiative of Muthoot Group through which they will provide complimentary Covid-19 insurance cover to their eligible gold loan customers. This complimentary Covid1-9 cover however will be available only for customers availing a gold loan from Muthoot Finance under the MSL Scheme,” the statement added.
Speaking on the partnership with Kotak General Insurance, George Alexander Muthoot, Managing Director, Muthoot Finance said, “Muthoot Finance as a company always believes in the philosophy of helping people and giving back to society. As a part of our ongoing customer loyalty program and social commitment, we are providing the customer’s insurance coverage with an objective to build confidence and help move ahead in life without any fear.”
“We are pleased to partner with a trusted brand like the Muthoot Group to offer an insurance product which is extremely relevant in these times,” Jagjeet Singh Siddhu, EVP & Head of Multi-channel distribution, Kotak Mahindra General Insurance said.