M&M makes life insurance foray with Canada’s Manulife

Mahindra & Mahindra and Canada's Manulife are forming a 50:50 joint venture to enter India's life insurance sector. The partnership, building on their existing asset management collaboration, aims to leverage Mahindra's rural distribution and Manulife's global expertise to offer savings and protection products across India, targeting a significant protection gap and low insurance penetration.

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