January 29 2016, 15.01 PM IST || Pocket News Alert
Chennai, January 29, 2016: Muthoot Risk Insurance and Broking Services Pvt Ltd (MRIBS) the insurance intermediary promoted by Muthoot Pappachan Group has started it operation in Chennai. The new office at Nandanam, Chennai was inaugurated by Mr. Thomas John Muthoot, Chairman and Managing Director, Muthoot Pappachan Group.
“The company which aims to become a national player within the next three years is targeting a business volume of Rs 100 crores this financial year ; and we are confident that the Tamil Nadu region will play a key role in contributing to our overall ambitious business plans. We have started this new office in Chennai, with a view to serve the Group's vast customer base within the State”, said Mr. Thomas John Muthoot, Chairman and Managing Director, Muthoot Pappachan Group.
Muthoot Risk Insurance & Broking Services Pvt Ltd (MRIBS) is an insurance intermediary promoted by the well-known Muthoot Pappachan Group. The company obtained an operating licence from the Insurance Regulatory & Development Authority of India (IRDA) in November, 2013.
The core activity of the company is to render professional advice to both individual and corporate clients on choosing cost-effective insurance plans. Experts are available to handle Life insurance as well as General insurance portfolios. Risk management, insurance claims handling and risk assessment surveys are the other areas in which the company's expertise is available to the insuring public.
MRIBS, with its Head Office in Trivandrum, commenced commercial operations in April, 2014. The second branch was inaugurated in Jayanagar, Bangalore, thus marking the company's expansion into Karnataka. MRIBS has plans to expand into Andhra and Telangana regions before the end of this financial year.
