Digital insurer Edelweiss General Insurance (EGI) has tied up with Chennai-based Repco Home Finance Limited (RHFL) to provide insurance solutions to all home loan customers of RHFL. Through this partnership, EGI will provide property insurance cover and loan protection cover to RHFL’s customers through its branches spread across India.
According to Edelweiss General Insurance, a property insurance cover is meant to protect the home from fire and all natural calamities, whereas a loan protection cover helps in securing the repayment of the customer’s loan in case of any unforeseen mishap.
“While a home loan can help fulfill this aspiration, securing the home with adequate insurance cover will help ensure that in case of an unfortunate event, the borrower is covered. As per the press release, EGI will provide customized, affordable and convenient insurance solutions to the borrowers.
Shanai Ghosh, MD & CEO, Edelweiss General Insurance said, “We are delighted to partner with Repco Home Finance to offer our services to our customers. The demand for home loans is increasing. This provides an opportunity for us to reach out to home loan seekers and offer them our digital security solutions.”
K Swaminathan, MD & CEO, Repco Home Finance Limited said, “The partnership with Edelweiss General Insurance provides an opportunity to our customers to secure their loan obligations in a hassle-free manner and proves to be a win-win proposition for all concerned.
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.