Magma General Insurance Limited (Magma) has entered into a strategic partnership with Hyundai India Insurance Broking Pvt. Ltd. (HIIB) to expand access to motor insurance solutions across India.
The collaboration aims to provide vehicle owners with seamless protection against accidents, theft, natural disasters, and third-party liabilities, reinforcing both companies' commitment to affordable and accessible insurance services.
Sameer Samdani, Whole Time Director & CEO of Hyundai India Insurance Broking, said, “We aim to enhance insurance penetration by offering superior solutions in collaboration with trusted insurers. Magma’s dynamic approach will provide our customers with a seamless and reliable insurance experience.”
Rajive Kumaraswami, MD & CEO of Magma General Insurance, mentioned, “As a subsidiary of Hyundai Motor India Limited (HMI), HIIB plays a key role in the automotive ecosystem. This collaboration strengthens our passenger car portfolio and ensures Hyundai customers across India have easy access to our insurance products and services.”
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