Muthoot Finance has teamed-up with Kotak Mahindra General Insurance in bid to offer COVID-19 insurance cover of up to Rs 1 lakh against gold loan.
The official communique stated that the company will be providing complimentary COVID-19 insurance cover to their eligible customers through Muthoot Finance Ayush Gold Loan, an exclusive initiative of Muthoot Group.
However, this specific cover will only be available for the customers opting to avail gold loan under the Super Loan scheme, added the statement.
“As a part of our ongoing customer loyalty programme and social commitment, we are providing the customers insurance coverage with an objective to build confidence and help move ahead in life without any fear,” said George Alexander Muthoot, Managing Director, Muthoot Finance.
Also Read: Muthoot finance join hands with TechProcess
Jagjeet Singh Siddhu, EVP & Head, Multi-channel distribution, Kotak Mahindra General Insurance Company said that offering such insurance product is extremely relevant in these times.