Customised Plans

Mahindra Loan Suraksha (MLS) is a Credit Term Group Plan. This is an insurance cover given to Mahindra Finance loan customers. MLS protects the Customer's family and Assets in case of unfortunate death of the customer by covering the Outstanding Finance amount, hence not putting the burden of repayment on the family.

 

Features & Benefits:

  • MLS is a pure death cover plan. The insurance company will repay the outstanding loan amount as on date of death to Mahindra Finance hence not putting the burden of repayment on the customer's family
  • Premium paying options - Single and Annual premium
  • Any Mahindra Finance customer between the ages of 18 - 59 years can opt for MLS
  • Simple documentation process

 

The insurance company for this customized solution is Kotak Mahindra Old Mutual Life Insurance Limited.

 

Documents to be submitted at the time of claims for Accidental Death:

  • Revised Claim form signed by Nominee
  • Declaration & Authorisation form signed by Nominee
  • Copy of First Information Report (FIR)
  • Copy of Post Mortem Report
  • Last Attended Doctor's Certificate (in case of Hospitalisation)
  • Complete Indoor Case Papers from Hospital (in case of Hospitalisation)
  • Attested Copy of Death Certificate
  • Nominee Photo ID Proof and Relationship Proof i.e. Voter ID, Ration Card, PAN Card, Driving License etc
  • Nominee Bank Details (Cancelled Cheque + Bank Passbook Copy) showing Account No, IFSC Code, Name of Nominee printed on Bank passbook/cancelled cheque.

Important note:-

If any documents from above list is not available or for any assistance, please contact local Mahindra Finance Executive

Please submit above claim documents to nearest Mahindra Finance branch within 10 days for processing the claim

 

Documents to be submitted at the time of claims for Natural Death:

  • Revised Claim form signed by Nominee
  • Declaration & Authorisation form signed by Nominee
  • Last Attended Doctor's Certificate - Specifying cause of death
  • Complete Indoor Case Papers from Hospital (Case History, Admission Papers,Treatment Papers & Death Summary)
  • Medical Questionnaire to be filled by Doctor (Refer Attachment)
  • Prior illness details (Previous medical reports Apart from Hospital Papers)
  • Attested Copy of Death Certificate
  • Nominee Photo ID Proof and Relationship Proof i.e. Voter ID, Ration Card, PAN Card, Driving License etc
  • Nominee Bank Details (Cancelled Cheque + Bank Passbook Copy) showing Account No, IFSC Code, Name of Nominee printed on Bank passbook/cancelled cheque.

Important note:-

If any documents from above list is not available or for any assistance, please contact local Mahindra Finance Executive

Please submit above claim documents to nearest Mahindra Finance branch within 10 days for processing the claim

Download Claim Resources:

Click here to view Medical Questionnaire

Click here to view MLS Claim Intimation Form

 
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Sampoorna Suraksha gives a Life cover (Credit Term Group Plan) and Fire cover for Mahindra Home Finance customers.

Benefits of Sampoorna Suraksha

  • Life Cover

The Life Cover protects the Customer's family in case of unfortunate death of the customer by covering the Outstanding loan amount, hence not putting the burden of repayment on the family.


  • Fire Cover

Fire Cover protects the property (House). If the property is damaged due to fire and / or any natural calamities, the assured amount is paid to the customer.

Features of Sampoorna Suraksha :

  • Life Cover (Credit Term Group Plan): Is a pure death cover plan. The insurance company will repay the outstanding loan amount as on date of death to Mahindra Finance hence not putting a burden of repayment on the customers family.
  • Fire Cover Protects the Property (or House) from the following: Fire, Explosion / Implosion, Aircraft Damage, Riot, Strike, Malicious / Terrorism Damage, Impact Damage, Subsistence & Landslide, Earthquake, and Bushfire
  • Premium payment options - Single premium option available for under construction and possession-ready homes
  • Simple documentation process

 

The insurance company for the Life Cover portion of this customized solution is Kotak Mahindra Old Mutual Life Insurance Limited. The Fire Cover is provided by Cholamandalam MS General Insurance Company Limited.

 
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Mahindra Insurance Brokers Ltd. (MIBL) brings an unique Group Health Insurance Product which has been specially designed to cover the loan customers of MMFSL between the age band of 18 to 65 years.

This will ensure that at times of sudden illness or serious accident or unavoidable surgery, Customers can afford suitable medical care without falling back on hard earned savings. This, in a way, will help them to avoid financial burden.

 

Key Features & Benefits

  • Product easily available through all branches of MMFSL
  • Advantage of group rate
  • Hassle free enrollment
  • Pre Existing Diseases (PED) covered
  • No Exclusion except list of permanent exclusions
  • Cashless hospitalisation in around 4000 hospitals across India
  • Cover available from 18 years of age to 65 years without any medical test
  • 100% coverage of Surgeon/Doctor Fees
  • Ambulance expense cover - Rs.1000/- per claim
  • 30 days Pre Hospitalization expenses
  • 60 days Post Hospitalization expenses
  • Inpatient Hospitalization expenses (Minimum 24 hours of Hospitalization required)
  • Day care treatments - No need for compulsory 24 hours inpatient Hospitalization for certain procedures

 

The insurance company for this customized solution is Royal Sundaram General Insurance Company Limited

 

Documents to be submitted at the time of claims:

  • Claim Application Form signed by Customer - Part A (1st & 2nd page of the claim form)
  • Claim Form filled & signed by the Hospital - Part B (3rd & 4th page of the claim form)
  • Original Hospital Discharge Card
  • Original Hospital Final Bill
  • Original Hospital final bill payment receipt
  • All Medical Test Reports (Like Blood reports, Sonogrpahy report, X-ray report etc)
  • Original Doctors Prescription & Bills for Medicines Purchased
  • Cancelled Cheque + Bank Passbook Copy mentioning IFSC CODE

 

Download Claim Resources:

Click here to view MAS Claim Intimation form

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