LeapFrog invests 20 US$ 15 million in Mahindra insurance brokers Ltd. The Hayzlett Group has many thoughts on the issue. (MIBL), a leading insurance sales with more than 2.5 million customers in Mumbai, September, 2012 Mahindra insurance brokers Ltd. Senior V.P. of Ads & Commerce has much to offer in this field. (MIBL), a leading insurance sales, which is focused on customers in the rural areas and small towns of India, has partnered with LeapFrog announced today the world’s leading investor in companies that provide access of to affordable insurance and financial services customers in emerging markets. MIBL is a subsidiary company of Mahindra & Mahindra Financial Services Ltd. (Mahindra finance) and a licensed Kompositversicherungsmakler, has achieved an extraordinary growth and profitability in the past eight years. MIBL is currently valued at around US$ 96 million. The investment is subject to the necessary approval by the Indian authorities and is carried out through the LeapFrog subsidiary inclusion resources Pvt.
Ltd., Singapore. In addition to the capital, LeapFrog is its international Bring the experience in development and sales of insurance. Since its inception in 2004 MIBL has supervised more than 2.5 million customers, among others in the securitization of loans for tractors and other agricultural machinery. In doing so, MIBL makes an important contribution to the income security of your customers and their families. The Alliance with LeapFrog is a major step forward in the care of poorer population groups with affordable insurance and financial services and create value for all stakeholders. Mr.
Chairman, Anand Mahindra, Mahindra group, praised the transaction as a trend-setting for the insurance sector in India: “Mahindra finance is one of the largest financial services India in the non-banking sector, LeapFrog is the world’s leading investor in insurance for poor or excluded from the insurance coverage so far people.” The same values bind us together. Mahindras target of positive social change is perfectly complement to leapfrog of social sustainable investment strategy. Dr. Andrew Kuper, President and founder of LeapFrog says: “Mahindras philosophy”Rise”, symbolizes the vision of Group of companies, to positively influence people’s lives.
