Muthoot Finance launches jewellery insurance in partnership with Bajaj Allianz general insurance

Muthoot Finance, has partenered Bajaj Allianz General Insurance, to provide insurance on gold jewellery. The new product known as ‘Muthoot Gold Shield’ is the gold jewellery insurance scheme launched by Muthoot Finance for its customers. The policy provides insurance coverage for gold jewellery of individual customers. This product is exclusively designed to provide insurance coverage of gold jewellery articles for customers of the company at the time of closure of the gold loan and release of gold ornaments. It is offered as a loyalty product. This policy covers burglary, robbery, theft from insured person’s home, loss-in-transit and 13 other disasters including natural calamities. No documentation is required for this policy and it can be generated in less than 2 minutes. “Muthoot Finance as a company has always believed in the philosophy of helping people and giving back to society. Going by the initial overwhelming response received for this insurance policy, it has been widely accepted by the customers of the Company. As part of our ongoing customer loyalty programme and social commitment, we are providing customers insurance coverage with an objective to build confidence and help move ahead in life without any fear,” said George Alexander Muthoot, Managing Director, Muthoot Finance. Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance said, “At Bajaj Allianz General Insurance, our endeavour has always been to offer products to ensure that citizens are safeguarded against exigencies. Gold jewellery is an integral part of our country’s culture and hence we have curated this product specifically for financially shielding customers of Muthoot Finance in case of any unforeseen events, thus making them worry-free about their jewellery.”