Suresh Agarwal has been appointed MD & CEO designate of the 50:50 life insurance joint venture between Mahindra Group and Manulife.
The partnership aims to deliver digital-first, customer-centric protection and savings solutions combining Mahindra’s trusted brand and deep rural distribution with Manulife’s global insurance expertise.
Puneet Renjhen highlighted life insurance as a key pillar of India’s financial inclusion journey, while Harshal Shah emphasized India’s long-term growth potential and the ambition to become the preferred protection partner for millions.
Strategically, this JV signals a convergence of local reach and global capability positioning the venture to scale with governance, technology, and disciplined value creation.
Overall, this is a long-term financial inclusion play: blend distribution strength with global expertise to build a digitally led, customer-first life insurance franchise in India.
