Mahindra & Mahindra and Canada’s Manulife are forming a 50:50 joint venture to enter India’s life insurance sector, committing up to Rs 3,600 crore over ten years. This strategic alliance aims to leverage Mahindra’s extensive rural distribution network and Manulife’s global insurance expertise to tap into India’s rapidly growing, yet underpenetrated, life insurance market.
M&M inks life insurance JV agreement with Manulife
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