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INSURANCE

Protect Yourself
And Your Loved Ones

MUTHOOT INSURANCE BROKERS PVT. LTD.

Insurance plays a crucial role in your financial wellbeing and provides security to you and your family when it is needed the most. It is not always possible to prevent the occurrence of events like loss of life, a car accident, sudden illnesses, or any other unexpected incidents that can result in heavy losses as they are a part of the uncertainties of life. However, Muthoot Insurance Brokers, an Insurance Broking Arm of Muthoot Finance, can help you to mitigate your financial losses with its wide range of Insurance plans.

Muthoot Insurance Brokers Pvt. Ltd is a 100% subsidiary company of Muthoot Finance Ltd. It was granted Direct Broker’s License by the IRDA for undertaking direct insurance broking in Life and Non-Life businesses. Muthoot Insurance Brokers has empanelled itself with various public and private Insurance Companies to offer customized solutions to the customers.

Muthoot Finance, through its wholly owned subsidiary Muthoot Insurance Brokers, is committed to providing value to its customers by understanding their Insurance needs and Risk Profile and providing innovative, cost effective, customized solutions to ensure total customer satisfaction.

IRDA Registration Number 459 Broker category: Direct Broker (Life & General)

Products available to Muthoot Finance Customers under Group Insurance Platform

Ensure All-Round Protection

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CUSTOMER SUPPORT NO.:
8590223204

WRITE TO US:
mib@muthootlife.com

BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM

Refer a Friend*

Refer a friend & get a Chance to
Win Exciting Muthoot Group Merchandise

refer now

Ask an Expert

CUSTOMER SUPPORT NO.:
8590223204

WRITE TO US:
mib@muthootlife.com

VISIT OUR WEBSITE:
www.muthootinsurancebrokers.com

BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM

What is Insurance?

Insurance is a contract of indemnity between the insured person and the service provider or the Insurance Company. Under this contract, you make monthly/yearly payments (Insurance premiums) to the company for availing coverage against the risks that are covered under the insurance plan(s) bought by you.

In case of an unfortunate eventuality, the insured person or their nominee can file a claim with the company. Based on their evaluation criteria, the company will review the claim application and settle the claim amount.

We offer our customers the best insurance plans that are suitable as per their need and risk profile with the support of professional and qualified team of our Insurance Broking Company. The inclusions and exclusions under individual plans are in line with the parameters and guidelines set by the IRDA (Insurance Regulatory and Development Authority of India).

As a major NBFC in India, Muthoot Finance is identified as a highly reputed brand with widespread reach and is a name that one can trust when it comes to opting for the best Insurance services through our Insurance Broking vertical.

Different Types of Insurance Plans

Some of the most commonly opted for insurance solutions or plans are as follows:

1. Life Insurance

This is an insurance segment which provided financial protection as well as saving to the insured person’s family against a premium that is paid to the insurance company for a chosen tenure. The company pays out the insurance cover to the family if the insured person dies during the plan's tenure or pay the Maturity benefit at the end of the policy term. The key features of this plans are:

  • Life coverage
  • Savings option
  • Shield for your family

2. Health Insurance

Health insurance solutions cover your medical expenses, including critical illnesses, based on the coverage that was decided upon. Herein, the insurance company pays the expenses related to the illness and covered under the policy in lieu of regular payment of premium.

The key features of health insurance include: -

  • Lifelong renewability
  • In-patient hospitalization
  • No pre-policy medical check-up*
  • Cashless and reimbursement facilities
  • Pre and post hospitalization medical expenses

*Available in select insurance plans

3. Property Insurance

This is the coverage that the insurance company offers for losses and damages incurred by the insured person’s house or shop because of natural disasters or man-made incidents like theft, riots, etc. In exchange for a premium paid for a set duration, the insured person will be compensated for the incurred damages and losses. Key features of the property insurance plan include:

  • Insurance for property, gold, and cash*
  • Available for both self-owned and rented property
  • Covers damages caused due to natural disasters, electronic breakdown, burglary, theft, etc.

*Coverage for loss of gold & cash or rented accommodation is available in select property insurance plans

4. Vehicle Insurance

Vehicle or Motor insurance plans cover the vehicle of the insured against losses and damages caused due to an accident or due to a natural or man-made disaster. The most integral features of the plan include:

  • Option to cover the vehicle and the driver
  • Protection against losses caused by natural calamities
  • Covers human interventions like theft, burglary, etc.

5. Travel Insurance

Under travel insurance, an insurance company offers protection against unforeseen losses that the insured may incur while travelling. It can cover medical expenses, lost luggage, flight cancellation, emergencies, or other losses that an individual may incur when they are travelling. The main features of this insurance policy include:

  • Complete travel cover
  • Flexible and customized insurance plans

** All the Insurance policies are solicited and serviced by professional, qualified and well experienced team of Muthoot Insurance Brokers Pvt.Ltd.

The Importance of Insurance

Having proper Insurance in place allows an individual to mitigate the financial risks they face to the Insurance Company. While it is not always possible to avoid uncertainties and adverse eventualities, proper Insurance allows you to be prepared to face the same. Insurance policies provide people with financial support for specified exigencies. For example, with consistent medical inflation in the world, even simple medical procedures can derail a carefully planned budget. However, with Medical Insurance, these expenses will be dealt with by the insurer, thereby helping you from not spending all your savings on an emergency.

People should opt for Insurance because:

  • It gives them financial security
  • Comes with additional tax benefits
  • Provides complete protection to you and your loved ones
  • Takes away the stress of managing funds during tough times

Why Choose Insurance through Muthoot

Muthoot Finance is India's No.1 and the most Trusted Financial Services brand as per TRA’s Brand Trust Report, five years in a row from 2016 to 2020. This is testimony to the trust, goodwill, and confidence that our customers have shown, making us among the best for financial services and products.

Widely recognized for offering the best Gold Loan, Muthoot Finance, through its Insurance Broking Arm Muthoot Insurance Brokers, started its operation in the year 2002 when the Insurance industry has opened up for growth and penetration. Started its journey as a corporate agent and later licensed as a Broker by the regulator IRDAI in 2013. During the 20 years of Insurance experience and exposure, we offer the best Insurance products as per the need and risk profile of the customers from our channel Insurance Partners.

Furthermore, Muthoot Finance has been transforming the lives of millions across the country with over 70 crore customers served to date. Its decades-rich service experience is what inspires loyalty among customers, ensuring enhanced control, scalability, and faster response in meeting the needs of all customers.

Muthoot Finance, through its Insurance Broking vertical, also offers Group insurance products to its customers as a part of Social Responsibility to increase the Insurance penetration and protection to its customers at a affordable premium and coverage. All customers can buy these group policies as per their needs by understanding the products and its feature voluntarily from any of the Muthoot Finance branch. All the group policies are from Insurance Companies and the Master Policy holder is Muthoot Finance.

Following are the Group insurance policies which will be available only to Muthoot Finance Ltd. existing customers

  • Group Term insurance
  • Group Health insurance
  • Group home insurance
  • Group shop keepers insurance

* All the group policies are from registered Insurance companies and Muthoot Finance is the master policy holder.

WHAT OUR CUSTOMERS HAVE TO SAY

FAQs

Muthoot Finance Ltd. provides Insurance solutions comprising Life, Health and General Insurance plans to its customers through its subsidiary Muthoot Insurance Brokers. To get more information on any of our Insurance plans, please get in touch with our Insurance representatives.

We offer a series of health insurance plans with varied prices. The price of an insurance plan depends upon its coverage, your age, your lifestyle, present health condition, and pre-existing diseases if any. To get the exact quote for our chosen insurance plan, you can get in touch with our representatives or visit your nearest Muthoot branch.

If you are interested in buying an insurance plan through us, you can either get in touch with our representative on call or visit the nearest branch. Besides, you can also request your nearest Muthoot Insurance Brokers Pvt. Ltd. branch to send an insurance agent at your residence for assistance in buying an insurance plan.

When looking for the right insurance policy, you need to carefully analyze your reasons for buying one in the first place. The analysis will give you a clear understanding of your requirements, further ensuring that you make a worthwhile purchase. While Muthoot insurance brokers offers a series of insurance solutions, try to find the best insurance plan that provides the coverage you need at a reasonable premium. In case you need assistance with more information about any plan, contact your nearest Muthoot Insurance Brokers Pvt. Ltd. branch or get in touch with our representatives. They will provide you with the right information and help find the best insurance plan.

Being able to find the best insurance plan can be challenging. However, with the customized insurance solutions provided by Muthoot Insurance Brokers Pvt. Ltd. through its insurance Broking team, accompanied by seamless and transparent processes, comprehensive services, and a legacy of providing customers with the best service, it becomes easy to choose the best insurance plan with maximum coverage. All one needs to do is get in touch with our representatives.

People generally prefer to pay their insurance premium annually when they buy insurance. They get attractive discounts on paying the premium in full, making it a better deal over monthly payments. It can be a great option for those who have trouble keeping track of their monthly premium payments. However, it also depends on the policyholder if they can afford an annual payment or wish to opt for monthly payment of insurance premium.

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