Mahindra Insurance Brokers Ltd. (MIBL) set off on the journey of changing lives and the face of the insurance sector in India in the year 2004. MIBL is a 100% subsidiary of Mahindra & Mahindra Financial Services Limited (Mahindra Finance). MIBL was granted a direct broker's license by the Insurance Regulatory and Development Authority (IRDA) in May 2004 for undertaking direct insurance broking in Life and Non-Life businesses. Since then, MIBL has impaneled itself with various public and private insurance companies to offer customized solutions to customers. In September 2011, it was granted a composite broker's license by the IRDA, thus foraying into the reinsurance broking business. As a total insurance risk solutions provider, MIBL plays an integral role in the risk management portfolio of customers.
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