Mr. Mustafa Hussain

Mr. Mustafa Hussain bought a Maruti Alto through Mahindra Finance. At the time of financing, Mr. Mustafa Hussain was told about the Mahindra Loan Suraksha (MLS) product and its benefits. Mr. Mustafa Hussain was the sole bread-earner in the family and understood the benefit and importance of the product and opted for the MLS cover.

Unfortunately Mr. Mustafa Hussain passed away a year later, leaving behind a wife and 3 children. Since he was covered under MLS, the MIBL & Mahindra Finance teams collectively put efforts to get the claim settled at the earliest. The claim was settled and the family of Mr. Hussain was relieved from the burden of loan repayment.

Mrs. Hussain says “We were in deep shock after the death of my husband. He was the sole bread-earner in the family and we were not in a position to repay the loan. In this state of sorrow and shock I got a surprise from MIBL & MMFSL, who helped us settle the MLS claim and the entire loan was waived-off.”

Mr. Ramanjaneya Kadappa

Mr. Ramanjaneya Kadappa (Chitradurga, Karnataka), had taken a tractor loan of Rs.3,10,000/- from Mahindra Finance. While taking the loan he had opted for Mahindra Loan Surakasha. Unfortunately, he died in a thunderstorm. Since Mr. Ramanjaneya had taken a wise decision while taking a loan, his family was saved from the burden of financial losses.

"We are really grateful to you for providing us with such a relief from the burden of repaying the loan. My son left me with his wife and a 2 month old child. He was the sole bread earner and it was just not possible for us to pay the o/s EMI as we are going through a grave financial crisis after his death. I wish to express my gratitude to MMFSL and Insurance Company who gave an aid to our condition." Said mother of Ramanjaneya

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