The entity is named “Mahindra Manulife Insurance Limited”; structured as a 50:50 partnership
Mumbai and Hong KongJune 2, 2026 /PRNewswire/ — Mahindra and Manulife announced a partnership on November 12, 2025, to create a life insurance business. The two companies have confirmed that, following approval from the Ministry of Corporate Affairs, the joint venture has been incorporated under the name Mahindra Manulife Insurance Limited (MMIL). The establishment of MMIL marks a significant step forward in the collaboration journey.
This joint venture perfectly combines Mahindra’s strong presence in India with Manulife’s global expertise, aiming to build a streamlined, customer-first, AI-native, and digitally driven life insurance company. By integrating Mahindra’s extensive market reach with Manulife’s strengths in product innovation, underwriting, and agent-led distribution, MMIL will focus on policyholder protection, offering comprehensive, needs-based financial solutions.
MMIL aims to bridge India’s significant protection gap through a range of long-term savings and protection products, with a strategic focus on rural and semi-urban markets while establishing market leadership in protection solutions for urban customers. Both parties are committed to building MMIL into a trusted, digital, technology-driven, and AI-native insurer, aligned with India’s long-term development and the vision of “Insurance for All.”
About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most respected multinational conglomerates globally, with 324,000 employees in over 100 countries. The group leads in India’s farm equipment, commercial vehicles, information technology, and financial services sectors and is the world’s largest tractor company by volume. Mahindra Group also has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate.
The group has a clear focus on leading global ESG development, empowering rural prosperity, and enhancing urban quality of life, committed to driving positive change and enabling the continuous growth of communities and stakeholders.
For more information about Mahindra, please visit www.mahindra.com / Twitter and Facebook: @MahindraRise/ To subscribe for updates, please visit:https://www.mahindra.com/news-room
About Manulife
Manulife Financial Corporation is a leading international financial services provider, helping customers make easier decisions and live better lives. Headquartered in Toronto, Canada, Manulife operates in Canada, Asia, and Europe, and primarily under the John Hancock brand in the United States, offering financial advice and insurance solutions to individuals, groups, and businesses.
Through its Manulife Wealth & Asset Management business, the company provides global investment, financial advice, and retirement planning services to individuals, institutions, and retirement plan members worldwide. As of the end of 2025, the company had over 37,000 employees, more than 106,000 agents, and thousands of distribution partners, serving over 37 million customers across 25 global markets. Manulife trades on the Toronto, New York, and Philippine stock exchanges under the symbol “MFC” and on the Hong Kong Stock Exchange under “945.” Offerings may vary by local institution. For more information, please visit manulife.com.
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