Specifically, TTIBI will distribute Magma’s vehicle insurance products through its network of 150 dealers.
Magma General Insurance Limited and Toyota Tsusho Insurance Broker India (TTIBI) have partnered to expand Magma’s reach in the commercial and passenger vehicle car insurance market.
Specifically, TTIBI will distribute Magma’s vehicle insurance products through its network of 150 dealers to improve accessibility and efficiency for customers seeking coverage for accidents, theft, natural disasters, and third-party liabilities.
‘We are delighted to join hands with Toyota Tsusho Insurance Broker India. This partnership is a strategic move to strengthen our business in the passenger car segment, particularly private cars,’ said Rajive Kumaraswami, MD & CEO of Magma General Insurance. ‘We are committed to enhancing insurance penetration by offering reliable and high-quality solutions in association with trusted partners like Magma. This tie-up enables us to deliver superior products and a premium experience to our customers,’ said Takayuki Ueda San, MD & CEO of Toyota Tsusho Insurance Broker India.
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