Muthoot Finance Business Overview

Ⓡ Muthoot Insurance Brokers Muthoot Finance MUTHOOT INSURANCE - AN OVERVIEW HEALTH INSURANCE MIBPL became a wholly owned subsidiary of Muthoot Finance Ltd in Sep 2016. MIBPL is an unlisted private limited company holding a licence to act as Direct Broker from IRDA since 2013. It is actively distributing both life and non-life insurance products of various insurance companies. During Q1 FY24, it has insured more than 904,700 lives with a First year premium collection of Rs.1,144 million under Traditional, Term and Health products.. During Q1 FY23, it has insured more than 11,74,000 lives with a First year premium collection of Rs.1,006 million under Traditional, Term and Health products.. 75

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