Digital insurer Edelweiss Basic Insurance coverage (EGI) has entered right into a tie-up with Chennai-based Repco Dwelling Finance Ltd (RHFL) to supply insurance coverage options to the house mortgage clients of the latter.
By means of this partnership, EGI will provide property insurance coverage cowl and mortgage safety cowl to RHFL’s clients by their branches unfold throughout India, in line with a press release.
“The demand for residence loans is on an increase. This presents a chance for us to achieve out to residence mortgage seekers and provide them our digital safety options,” mentioned Shanai Ghosh, MD and CEO, Edelweiss Basic Insurance coverage.
Proudly owning a house is an aspiration that most individuals have. Whereas a house mortgage may help fulfill this aspiration, defending the house with satisfactory insurance coverage cowl will be certain that in case of an unlucky occasion, the borrower is roofed. EGI will provide customised, reasonably priced, and handy insurance coverage options to financially defend mortgage debtors.
“Partnership with Edelweiss Basic Insurance coverage supplies a chance for our clients to safe their mortgage obligations in a hassle-free method and proves to be a win-win proposition for all involved,” mentioned Ok Swaminathan, MD and CEO, Repco Dwelling Finance Ltd.
September 16, 2022