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Mahindra Insurance Brokers Limited is proud recipient of the ET Now Iconic Brands of India 2024. This recognition by ET Now, honours brands from across India that have shaped the nation's growth and fulfilled the aspirations of millions. This edition showcases how brands craft remarkable customer experiences, drive economic growth, and maintain a distinctive identity that resonates with consumers. This recognition celebrates us for setting new benchmarks in insurance industry through our legacy and sustainability both in India and the global markets.
The criteria for selection:
- The brand should have originated in India
- There should be substantial publicly available data about the brand
- The brand should have a registered office in India
- The brand should have been in existence for a minimum of 15 years
- The brand should be present in more than one Indian market
- The brand should be present in at least one global market
- The brand should have considerable market size
- The brand should have a minimum growth rate of 5% Year-on-Year
- Brand should have an annual turnover of over 200 crores
- The brand should have at least 100 employees
- The brand should have positive ratings and reviews on social platforms
- The brand should have a considerable brand recall value
- The brand should have adopted specific CSR practices
Mahindra Insurance Brokers Limited is now amongst Best Workplaces in AsiaTM List 2021 in the
category of the Best Large Workplaces in Asia 2021 by Great Place to Work Institute.
Our foray into international ranking. It’s an endorsement of our high-trust enabling culture, camaraderie and respect among employees.
All the organisations from the Mahindra Group that ranked in India in the 2020 and 2021 list, are considered and the recognition is awarded collectively as Mahindra Group (which includes Mahindra & Mahindra Automotive & Farm Equipment Sectors, Tech Mahindra, Mahindra & Mahindra Financial Services Ltd, Mahindra Rural Housing Finance Limited, Mahindra Accelo – India and Mahindra Insurance Brokers Limited)
How Great Place to Work® determines the Best Workplaces in AsiaTM
Great Place to Work® identifies the Best Workplaces in AsiaTM by analyzing companies’ workplace programs and surveying employees across Asia and the Middle East about the key factors that create great workplaces for all.
To be considered, companies must first be identified as outstanding in their local region by appearing on one or more of our Best Workplaces lists in Greater China (including China, Hong Kong and Taiwan), India, Japan, Philippines, Qatar, Saudi Arabia, Singapore, South Korea, Sri Lanka or UAE during 2020 or early 2021.
Mahindra Insurance Brokers limited recognised amongst India's Top 25 Best Workplaces List 2020_ Rank#10 (result announced June 2020).
The recognition is awarded by Great Place to Work®, which is the global authority in creating, assessing and identifying the Best Workplaces world over.
Every year, Great Place to Work® partners with more than 1000 organizations in India and after a rigorous assessment, identifies the best of them as Great Workplaces. We have earned this recognition for creating a Great Place to Work FOR ALL the employees and have excelled on the 5 dimensions of building Credibility, Respect, Fairness, Pride and Camaraderie.
Mahindra Insurance Brokers Limited is also Great Place to Work-Certified™ on building a High-Trust, High-Performance Culture™ in the organization in 2020.
This win reflects our endeavor to help, build and sustain an organization constantly working towards achieving business excellence. This award signifies demonstration of excellence to develop, manage, improve and continuously uphold best HR practices in the industry.
Mahindra Insurance Brokers Ltd. has been awarded with PORTER PRIZE for Creating Shared Value- 2018 by Institute for Competitiveness. The award ceremony was held on 30th May, 2018 at Taj Mahal Palace, Mumbai. Porter Prize is named after Michael E. Porter who is Professor at Harvard Business School, living legend and father of modern strategy field.To receive this award, MIBL has been evaluated on the basis of following parameters;
Mahindra Insurance Brokers Ltd. (MIBL) received one of the prestigious awards for people practices at Confederation of Indian Industry (CII) - 8th National HR Excellence Award Confluence 2017-18, as “Strong Commitment to HR Excellence”
MIBL made it to the coveted list of India's Top 100 Best Companies to Work for 2018 (Rank #59) and Top 15 Best Companies to Work for in BFSI sector. It’s an endorsement of our high-trust enabling culture, camaraderie and respect among employees, This reorganization has been given by Great Place to Work® Institute in collaboration with Economic Times for the year 2018.
Mahindra Insurance Brokers Ltd. (MIBL) has been appraised and rated at Maturity Level 5 of the People Capability Maturity Model® (People-CMM®), thus becoming the first insurance broking company globally to achieve this international benchmark.
MIBL received the India CSR award under Women Empowerment category for our project Women on Wheels (Training women on driving skills to become professional drivers in partnership with an NGO called Azad in Jaipur).
Dr Jaideep Devare, Managing Director, Mahindra Insurance Brokers Ltd received the prestigious Asia Pacific Entrepreneurship Award (Financial Services Industry) for “Outstanding and Exemplary Achievements in Entrepreneurship” at the 8th Asia Pacific Entrepreneurship Awards 2017 held in New Delhi on April 27th, 2017
Mahindra Insurance Brokers Ltd ( MIBL) has been recognized as one of India’s Top 100 “Best Companies to Work For” 2016 (Rank #89) and within Top 2 in the Insurance industry by Great Place to Work Institute in collaboration with The Economic Times. This award showcases Trust, Pride and Camaraderie exhibited by all our employees towards making Mahindra Insurance Brokers a “Great Place to Work for” and to further excel in journey of People Excellence.
The survey conducted by Great Place to Work Institute assessed over 800 organizations in India based on two criteria : Trust Index©, i.e. index to gather employees' experience at their organization and Culture Audit© which assesses existing policies and people practices
Mahindra Insurance Brokers Ltd. (MIBL) has been appraised and rated at Maturity Level 3 of the People Capability Maturity Model® (People-CMM®), thus becoming the first insurance broking company globally to achieve this international benchmark.
EDGE Award
MIBL wins the EDGE Award - EDGE - Enterprises Driving Growth and Excellence (using IT) is an initiative by InformationWeek to identify, recognize and honor end-user companies in India that have demonstrated the best use of technology to solve a business problem, improve business competitiveness, and deliver quantifiable ROI to stakeholders.
Celent Model Insurer Asia Award 2015
MIBL was declared a winner in the "Data Mastery and Analytics" category at the Celent Model Insurer Asia Awards 2015 for its 'FunDo T90' initiative, which aims to align company strategy with team goals and individual aspirations by way of an innovative and engaging gamification application.
Celent is a global research and consulting firm focused on the application of information technology in the global financial services industry. Every year, Celent recognizes excellence in insurance technology in the Asia-Pacific region through their Model Insurer Asia Awards program.
The Awards saw entries from India, China, Hong Kong, Taiwan, Japan, Singapore, Malaysia, Indonesia, Sri Lanka, Pakistan, Australia, and New Zealand.
MIBL was the only broker to be recognized, competing with various global insurers.
"Broker of the Year" Award for 2014
MIBL was the proud recipient of the "Broker of the Year" Award for 2014 at the 18th Asia Insurance Industry awards held in Taipei, Taiwan. Asia Insurance Review (AIR), based in Singapore, is a premier and comprehensive professional regional publication launched in 1991, which over the years since inception has instituted the Asia Insurance Industry Awards to award excellence in Asia's insurance industry under different categories.
2014, marked the 18th year and was a proud moment for MIBL to reach the Top 3 finalists under two different categories - 'Employer of the Year' and 'Broker of the Year'. The finals involved 2 rounds of evaluation. The first round involved submitting an entry from where the top 3 finalists were shortlisted from a total of 500 entries. In the second round the finalists had to face a panel of 33 judges drawn from a global cross section of industry leaders, regulators and experts.
Most in a group photo (indoors)
The 10th year of Mahindra Insurance Brokers Ltd was celebrated on a grand scale at their annual convention held between June 15 - 17, 2014. As part of that event, a group photo was taken inside Hotel Grand Hyatt, Mumbai on June 16, 2014. With the help of a temporary structure with four levels of steps, the entire ensemble of 698 people posed for a group photo with Chairman Anand Mahindra.
CIO & Leader Business Impact Awards 2014-15
MIBL was declared a winner in the "Human Resources and Administration" category at the CIO & Leader Business Impact Awards 2014-15 for its 'FunDo T90' initiative, which aims to align company strategy with team goals and individual aspirations by way of an innovative and engaging gamification application.
This award recognizes the joint role of technology executives and business unit leaders in the successful implementation of IT projects who in their respective organizations have made a difference.
The CIO & Leader Business Impact Award has been instituted by 9.9 Mediaworx, a leading technology media company to honor Technology leaders who have demonstrated exceptional initiative, pioneered innovative and path-breaking practices and transformative projects.
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