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Castrol, Mahindra Insurance Brokers announce alliance for Castrol Auto Service Workshops

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Castrol, Mahindra Insurance Brokers announce alliance for Castrol Auto Service WorkshopsBengaluru, 17, June 2023: Castrol India Limited, India’s main lubricant participant, has signed an settlement with Mahindra Insurance Brokers Limited (MIBL), a distinguished insurance coverage brokerage agency. Castrol Auto Service (CAS) workshops will now have the choice to empanel themselves as POSPs (Point of Sale Persons) for the distribution of eligible insurance coverage insurance policies from India’s main motor insurance coverage suppliers via MIBL. The CAS workshops can provide automotive insurance coverage merchandise through a digital platform along with restore and upkeep companies for their prospects’ autos. 

Mr. Sandeep Sangwan, Managing Director, Castrol India Limited, mentioned, “As the car business sees important progress, with India being the fourth largest car market, automobile insurance coverage has seen unprecedented progress. This potential provides us confidence on this alliance with Mahindra Insurance Brokers Limited to additional empower our CAS workshops to achieve extra prospects. It additionally represents a big milestone in our service and upkeep technique, as it can undoubtedly improve the capabilities of our community workshops and be sure that they’re able to offering distinctive or improve worth to their prospects”. 

“Vehicle insurance coverage accounts for a excessive 34% of the non-life insurance coverage premiums in India (in accordance with market research), and presents a chance in a progress market. This collaboration with Castrol India helps scale our attain, and help these workshops in turning into POSPs with main insurance coverage firms on our panel, thereby empowering them to supply cashless companies and generate incremental enterprise via unintentional repairs. Together with Castrol, we’re dedicated to establishing the CAS workshops as trusted service suppliers within the automotive business,” added, Mr. Vedanarayanan Seshadri, Managing Director, and Principal Officer, at Mahindra Insurance Brokers Limited. 

This alliance gives CAS workshops a chance to increase their buyer base and provide value-added companies, leading to greater buyer satisfaction. Overall, this affiliation goals to assist CAS workshops in establishing themselves as trusted service suppliers within the automotive business.


Mansi Praharaj