New Delhi, March 20 -- Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited, has entered into a strategic corporate agent partnership with Saarathi Finance and Credit Private Limited to expand insurance coverage for micro, small and medium enterprises (MSMEs).
Partnership To Expand Insurance Access For MSMEs
Saarathi Finance, a greenfield non-banking financial company (NBFC) focused on bridging the MSME credit gap, will leverage its last-mile reach to distribute Axis Max Lifes Group Credit Life Secure (GCLS) product, aimed at providing financial protection to micro and nano-entrepreneurs.
The product is designed to act as a safeguard by ensuring that in case of unforeseen events, the outstanding loan b...