Muthoot Finance, NBFC engaged in gold loan business on August 17, 2020 collaborated with Kotak Mahindra General Insurance for offering complimentary Covid 19 insurance to its gold loan customers.
On the collaboration George Alexander Muthoot, Managing Director, Muthoot Finance said, "Muthoot Finance as a company always believes in the philosophy of helping people and giving back to society. As a part of our ongoing customer loyalty program and social commitment, we are providing the customer's insurance coverage with an objective to build confidence and help move ahead in life without any fear."
The company in such trying times is offering benefits such as a higher per gram lending rate for gold loan together with a complimentary Covid 19 health cover up to Rs. 1 lakh for its MSL Scheme gold loan customers.
MSL or Muthoot Super Loan is the company's gold loan product that is for individuals seeking a higher loan amount against their gold. Further on making timely loan repayment, borrowers under such scheme are also eligible for discounts.
Muthoot Group as part of its initiative Muthoot Finance Ayush Gold Loan will be offering complimentary Covid 19 health cover to its customers who secure gold loan under the Muthoot Super Loan scheme.