Hyundai India Insurance Broking Pvt. Ltd. has entered into a partnership with Magma General Insurance Limited to offer comprehensive motor insurance products for both private and commercial vehicles. This collaboration will be available across more than 600 Hyundai dealerships nationwide.
The agreement, signed last week in Gurugram, will provide Hyundai customers with access to Magma’s insurance offerings, covering a range of risks including accidents, theft, natural disasters, and third-party liabilities.
Sameer Samdani, Whole Time Director and CEO of Hyundai India Insurance Broking, emphasized that the partnership aims to enhance insurance accessibility by delivering reliable, all-encompassing coverage to customers.
Rajive Kumaraswami, Managing Director and CEO of Magma General Insurance, noted that the deal strengthens Magma’s position in the passenger car segment and broadens its market reach through Hyundai’s extensive dealership network.
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