Business Performance

Ⓡ 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 Q4 FY23, it has insured more than 13,11,700 lives with a First year premium collection of Rs.1,450 million under Traditional, Term and Health products.. During Q4 FY22, it has insured more than 11,06,000 lives with a First year premium collection of Rs. 1,328 million under Traditional, Term and Health products.. 73

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