Magma introduced insurance products, strengthening its one-stop service proposition

We have a third party distribution system in the insurance segment and provide the service to existing customers of asset finance business

Non-captive business in insurance distribution is provided through the distribution of policies to customers not financed by Magma

A dedicated sales team has been created to drive this business

There is a low claim ratio on insurance business originated by Magma, due to the company’s robust credit screening processes

We have introduced a new life insurance policy – Credit Shield – for existing customers, covering the loan value in the unfortunate event of the customer’s death or permanent disability

We just don’t offer customers a product basket to select from; we comprehend customer needs and advise them in the right insurance product selection