On Monday Muthoot Finance stated that to provide insurance on gold jewellery as part of their new initiative, it has tied up with Bajaj Allianz General Insurance. The name of the policy known as “Muthoot Gold Shield”.
The policy provides insurance coverage of gold jewellery for individuals at the time of closure of gold loans and the release of gold ornaments.
The policy will provide insurance coverage to the customers of Muthoot Finance as a loyalty product.
The policy covers burglary, loss in transit, robbery, theft from an insured person’s home, and 13 some other disasters.