Mahindra Manulife launches India insurance push

MMIL was incorporated after approval from India’s Ministry of Corporate Affairs.

Mahindra Group and Manulife have incorporated their life insurance joint venture, Mahindra Manulife Insurance Limited (MMIL).

The two companies first announced the partnership on 12 November 2025 and have now confirmed the incorporation of MMIL following approval from India's Ministry of Corporate Affairs.

MMIL will combine Mahindra's domestic market presence with Manulife's global insurance expertise.

The venture will focus on expanding insurance access in rural and semi-urban areas, whilst also targeting urban customers with protection-focused solutions.

According to the companies, MMIL will leverage Manulife's capabilities in product development, underwriting and agency-led distribution alongside Mahindra's market reach to deliver needs-based financial solutions.