Edelweiss General Insurance partners with Ashv Finance to offer digital loan protection solutions to MSMEs

Mumbai, India – Edelweiss General Insurance (EGI), a digital insurer, has partnered with Ashv Finance, a tech-led NBFC with over 100 locations in India, to provide financial protection to all business loan borrowers. While Ashv provides timely credit to fund the growing aspirations of small enterprises and MSMEs, EGI will ensure that their dreams are not stifled by offering health insurance coverage to protect the financial interests of this critical segment.

As part of the agreement, EGI will provide health insurance coverage to all Ashv Finance customers in all major cities across the country. The policy will offer collateral for the business loan if the borrower is involved in an accident or suffers from a critical illness. In addition, the coverage will provide a daily cash benefit in the event of a hospitalization. The level of coverage provided will be determined by the loan amount and loan term selected by the customer. Customers will benefit from complete ease and convenience as the business loan and insurance policy are processed concurrently, digitally, and with no paperwork.

Delighted to offer health protection to a sector that is driving GDP growth and augmenting overall economic activity in the country, Shanai Ghosh, Executive Director & CEO, Edelweiss General Insurance, stated, “Our partnership with Ashv Finance will help us reach out to a sizable number of small business owners across the country and offer them easy and friendly, tech-powered solutions, coupled with superior customer experience.”

Expressing similar sentiments, Nikesh K Sinha, Managing Director, Ashv Finance, commented, “We are pleased to introduce a health protection coverage, in partnership with Edelweiss General Insurance, to our Business Loan customers that shall safeguard the repayment of their loans in case of any unforeseen accident or illness. As a lender to one of the biggest drivers of the Indian economy, it is imperative for us to protect and support the business owners in their journey towards growth.”

Image Source: Magic Wand Media

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