Edelweiss General Insurance to offer financial safety to Ashv Finance MSME borrowers

New Delhi, Feb 22 (KNN) Digital Insurer Edelweiss General Insurance (EGI) has partnered with Ashv Finance, a tech-led NBFC to give financial protection to MSME business loan borrowers.

The loans borrowed through Ashv will be covered, as the NBFC offers timely credit to fund the growth aspirations of small businesses and MSMEs, while the protection will be insured by EGI which will offer health insurance cover to safeguard the financial interest of this very important segment.

All the customers of Ashv Finance can avail the EGI health insurance cover as a part of this collaboration.

Commenting on the partnership, Shanai Ghosh, executive director & CEO, Edelweiss General Insurance, said, “We are happy to offer health protection to a sector that is driving GDP growth and augmenting overall economic activity in the country. Our partnership with Ashv Finance will help us reach out to a sizeable number of small business owners across the country and offer them easy and friendly, tech powered solutions, coupled with superior customer experience."

It is said that there will be zero paper regarding business loan and the insurance policy.

The entire process will be will be digitally offering complete ease and convenience to customers.

Nikesh K. Sinha, managing director, Ashv Finance, said, "We are pleased to introduce a health protection coverage, in partnership with Edelweiss General Insurance to our business loan customers that shall safeguard the repayment of their loans in case of any unforeseen accident or illness. As a lender to one of the biggest drivers of the Indian economy, it is imperative for us to protect and support the business owners in their journey towards growth."  (KNN Bureau)