# Mahindra and Manulife Insurance JV Moves Ahead; Gets Approval from Ministry of Corporate Affairs

- Link: https://www.thailand-business-news.com/pr-news/mahindra-and-manulife-insurance-jv-moves-ahead-gets-approval-from-ministry-of-corporate-affairs
- Published: 2026-06-01T08:16:00+07:00
- Author: PR Newswire

_Entity to be called "Mahindra Manulife Insurance Limited"; a 50:50 partnership_

MUMBAI and HONG KONG, June 2, 2026 /PRNewswire/ — Mahindra and Manulife announced
their partnership to create a life insurance business on November 12, 2025. Both
companies have confirmed the incorporation of the JV company as Mahindra Manulife
Insurance Limited (MMIL), following approval from the Ministry of Corporate Affairs.
The incorporation of MMIL marks the next step in that journey.

The venture brings together Mahindra’s strong presence in India with Manulife’s 
global expertise to build a simple, customer-first, AI-native and digitally-led 
life insurer. By combining the extensive market reach of Mahindra with Manulife’s
strengths in product innovation, underwriting, and agency-led distribution, MMIL
will focus on policyholder protection and offer holistic, needs-based financial 
solutions.

MMIL aims to address India’s large protection gap through a range of long-term savings
and protection products, with a strong focus on rural and semi-urban markets while
building leadership in protection solutions for urban customers. Together, the partners
are committed to establishing MMIL as a trusted, digital, technology-driven and 
AI-native insurer, aligned with India’s long-term growth and the vision of "Insurance
for All."

**About Mahindra** 

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational
federation of companies with 324,000 employees in over 100 countries. It enjoys 
a leadership position in farm equipment, utility vehicles, information technology
and financial services in India and is the world’s largest tractor company by volume.
It has a strong presence in renewable energy, agriculture, logistics, hospitality
and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity
and enhancing urban living, with a goal to drive positive change in the lives of
communities and stakeholders to enable them to Rise. 

_Learn more about Mahindra on_ [_www.mahindra.com_](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4700278-1&h=3960399178&u=https%3A%2F%2Fapc01.safelinks.protection.outlook.com%2F%3Furl%3Dhttp%253A%252F%252Fwww.mahindra.com%252F%26data%3D05%257C02%257CBHOWMIK.SANGHAMITRA%2540mahindra.com%257Cd30d5dffdbff49d4a88108de62daee49%257C8c4858b5f020483ab7ef71ded6e81767%257C0%257C0%257C639056889593253080%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DQkmbhQ5UgWz1kb81jzs7Z87Zu31WL0GMXCIptq4Di9Y%253D%26reserved%3D0&a=www.mahindra.com)_/
Twitter and Facebook: @MahindraRise/ For updates subscribe to_ [_https://www.mahindra.com/news-room_](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4700278-1&h=3635138356&u=https%3A%2F%2Fapc01.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.mahindra.com%252Fnews-room%26data%3D05%257C02%257CBHOWMIK.SANGHAMITRA%2540mahindra.com%257Cd30d5dffdbff49d4a88108de62daee49%257C8c4858b5f020483ab7ef71ded6e81767%257C0%257C0%257C639056889593280230%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DYNPcRnzRypAaqJFbuj0CDxDO15ysNwsTIdvX9ZND60g%253D%26reserved%3D0&a=https%3A%2F%2Fwww.mahindra.com%2Fnews-room)

**About Manulife**

Manulife Financial Corporation is a leading international financial services provider,
helping customers make their decisions easier and lives better. Headquartered in
Toronto, Canada, Manulife operates across Canada, Asia, and Europe, and primarily
as John Hancock in the United States, providing financial advice and insurance solutions
for individuals, groups, and businesses.

Through Manulife Wealth & Asset Management, the company offers global investment,
financial advice, and retirement plan services to individuals, institutions, and
retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees,
over 106,000 agents, and thousands of distribution partners, serving over 37 million
customers with operations across 25 markets globally. We trade as ‘MFC’ on the Toronto,
New York, and Philippine stock exchanges, and under ‘945’ on the Hong Kong stock
exchange. Not all offerings are available in all jurisdictions. For additional information,
please visit manulife.com.

**Media Contacts**

**_Swati Khandelwal_Senior VP & Head, Group Communications Mahindra Group.
Email:
[_khandelwal.swati@mahindra.com_](https://www.thailand-business-news.com/pr-news/khandelwal.swati@mahindra.com)

**_Carl Wong_Head of External Communications, Asia
Manulife[carl_kk_wong@manulifeam.com](https://www.thailand-business-news.com/pr-news/carl_kk_wong@manulifeam.com)

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