Manappuram Insurance Brokers Limited

The insurance story of Manappuram began in 2002 as Manappuram Financial Services when it became a corporate agent to the Insurance companies. In 2003, it was renamed as Manappuram Insurance Agents and Brokers ltd. The main activities then included representing the products of the Insurance company to the customers. Realizing that the needs of the customers aren’t fulfilled by standard products, MAIBRO shifted the focus to represent the customers to the Insurance companies and hence in 2006, the company became a licensed Broker with IRDAI as Manappuram Insurance Brokers Pvt. Ltd. It acted as a link between the Insurance companies and customers. Since then the growth has been steady. In 2017, MAIBRO entered the market with renewed vigor and direction and has successfully fulfilled the insurance needs of 2 million satisfied customers till date in 2018-2019.

MAIBRO has set itself apart by envisioning a product philosophy that encompasses the needs of a customer at every step of his life with 12 major product lines. It also ensures smooth and instant policy issuance to the customer through an in house developed IT system. MAIBRO also provides servicing from Policy issuance to claims to Renewals to its customers and has set up a customer care Centre to address all the queries, requests & complaints of its customer. MAIBRO has a centralized claim desk set up in the Head office at Valapad, Kerala and also has claims offices in Delhi, Mumbai, Kolkata and Chennai and today settles more than 8000 claims a year.

Today, MAIBRO is one of the largest distributors in the retail segment for the Bottom of the Pyramid- The chosen Market segment and is one of the most sought-after partners for all insurance companies. The organization is strong in Retail and Corporate insurance with a strong brand name in the country. Garnering over more than 16 years of expertise in insurance retailing, MAIBRO is fueled with qualified and experienced professionals from the insurance field. MAIBRO has been awarded the ‘Best Retail Insurance Brokers’ by ABP News BFSI awards held on 28th November 2018 and ET Now has also recognized MAIBRO as the ‘Best Retail Insurance Broker’ during the BFSI World congress on 14th Feb’19.

The company offers risk coverage across multiple product areas, these include


Health insurance offers financial protection against medical expenses incurred in treating injuries from an accident or a medical condition covered under a policy. From individual and group health insurance to family floater plans and senior citizen health insurance, there are different types of health insurance plans available with us to cover your entire family. You can also get tax deductions on the premiums paid towards health insurance under Section 80D of the Income Tax Act, 1961.


This is a type of life insurance policy that provides coverage for a certain period of time, or a specific “term” of years. If the insured dies during the time- period specified in the policy and the policy is active, or in force, then a death benefit will be paid to the beneficiary. This is typically the least expensive way to purchase a substantial death benefit.


This policy guards an individual in the event of intentional or unintentional mishap which may cause impairment, whether short-term or long-term wounds or even demise.


Car insurance or Motor insurance covers for losses that you might occur if your car gets damaged or stolen. The premium amount of the car insurance is decided on the basis of the Insured Declared Value or IDV of the vehicle.


This policy covers the risks of damage to various household articles arising by virtue of natural calamities like fire , earth quake , burglary and also covers personal accident.


Travel Insurance is a kind of an insurance policy that covers certain incidents such as , loss of flight , delay or cancellation , trip cancellation , checked baggage loss ,loss of passport , including any emergency that may occur while travelling to a foreign country.


Creates a disciplined investment habit over a long term . Through this policy, an investor can grow a huge corpus and at the same time he is covered against various life’s risks. On survival of the policy term, the investor is paid the lump sum corpus. However, in case of premature demise of the investor, the nominee is given the sum assured and the accrued bonus.


By availing this coverage , a shopkeeper can peacefully carry out his day-to-day activities as his risks arising out of the damage to his shop/establishment from fire, earth quake , burglary , money in-transit / counter and public liability can be mitigated by this policy.


Endowment policies are long-term investments which accrue interests , bonus and the maturity benefits are non-taxable ( U/s 10(10)D ) as per the current Tax Laws.


Pension plans also known as Retirement plans are investment plans that let’s you allocate a part of your savings to accumulate over a period of time and provide you with steady income after retirement.


Critical Illness is a serious health condition that has a debilitating effect on an individual’s lifestyle and requires a considerable money towards treatment. It may also lead to loss of income due to inability to work. Such dreaded illnesses are Heart Attack, Cancer etc.


This plan is meant to meet your child’s ever rising educational fees and to make their aspirations and dreams comes true. In the unfortunate event of the payer, the child would be eligible for the financial proceeds.

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