April 8 2016, 13.59 PM IST || Pocket News Alert
Muthoot Finance has joined hands with Liberty Videocon General Insurance to provide a comprehensive home insurance policy 'Muthoot Home Protector' for its customers, with premium starting at Rs. 500.
From (L to R): Mr. Sorabh Bhandari (Head – Bancassurance & Affinity Business, Liberty Videocon), Mr. George M George (Managing Director, Muthoot Leisure & Hospitality), Shri. Milan Naik (Country Head – Marketing & Institutional Sales, Liberty Videocon General insurance,) Shri. George Alexander (Managing Director Muthoot Group), Mr. Thomas P Rajan (Director Muthoot insurance Brokers), Mr. K .P Padmakumar (Whole time Director, Muthoot Vehicle & Asset Finance Ltd), Mr. Sunil Zachariah (Director Muthoot Insurance Brokers)
In the recent years, India has experienced some of the most disastrous natural disasters like the flash floods in Uttarakhand, the cyclone Phailin in Orissa coast, or the Chennai floods last year.
According to experts these catastrophes will occur more often in future due to climatic changes with the biggest calamities expected in Asia, mostly India. Keeping this in mind, Muthoot Finance has launched this policy which is especially aimed at the lower income group.
George Alexander, Managing Director Muthoot Group said, “The repercussions of natural calamities are always huge. While one protects family with life insurance and health insurance, people tend to neglect the need for home insurance.”
Muthoot further added, “It is comprehensive policy with affordable premium for the common man. Any damage to the house because of a natural calamity or burglary can cause financial as well as emotional setback which can be easily protected by opting the right property insurance.”
The ‘Muthoot Home Protector’ policy protects home and household goods against multiple risks including floods, earthquake, riots and burglary. Apart from the building structure, contents in home including furniture, electrical appliances, jewellery and even utensils and crockery are also covered in the policy.
About Muthoot Finance Ltd:
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” head quartered in the southern Indian state of Kerala. Operating history of Muthoot Finance has evolved over a period of 76 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.
The company provides personal and business loans secured by gold jewellery. Gold Loans are primarily given to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all to meet unanticipated or other short-term liquidity requirements. The company is listed on both National Stock Exchange and Bombay Stock Exchange.