Hyundai India partners with Magma for motor insurance

It will be offered across 600+ dealerships across the country.

Hyundai India Insurance Broking Pvt. Ltd. and Magma General Insurance Limited have partnered to offer motor insurance vehicle products for both private and commercial passenger vehicles in 600+ dealerships in India.

The agreement, signed last week in Gurugram, will allow Hyundai customers to access Magma’s insurance coverage for risks including accidents, theft, natural disasters, and third-party liabilities.  

Sameer Samdani, Whole Time director and CEO of Hyundai India Insurance Broking, said the partnership aims to improve insurance penetration by providing customers with reliable and comprehensive coverage. 

Rajive Kumaraswami, managing director and CEO of Magma General Insurance, said the deal strengthens Magma’s passenger car portfolio and expands its reach through Hyundai’s network.