Mumbai: Avanse Financial Services, an education-focused non-banking financial company (NBFC), has announced a strategic collaboration with HDFC Life to integrate customised insurance protection for its educational institution loan customers.
Through this partnership, Avanse Financial Services will offer both retail and group credit life insurance solutions from HDFC Life, ensuring comprehensive financial protection for institutions availing educational loans.
This move reinforces Avanse’s mission of making education financing seamless, secure, and affordable for every deserving Indian student and institution.
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Avanse Financial Services Enhances Loan Offerings with Protection Cover
Avanse Financial Services’ educational institution loans are designed to support infrastructure expansion, working capital requirements, and development initiatives across Indian educational institutes.
By combining financial support with insurance protection, Avanse empowers institutions to focus on delivering quality learning experiences while safeguarding against unforeseen financial challenges.
Customer-Centric Partnership
Speaking on the collaboration, Amit Gainda, Managing Director & CEO, Avanse Financial Services, said:
“At Avanse Financial Services, our goal is to make education financing accessible and affordable while strengthening India’s educational ecosystem. Our partnership with HDFC Life aligns with our customer-first approach and ensures financial resilience for our institutional customers. By embedding protection solutions, we empower institutions to focus on delivering world-class education while we secure their sustainability.”
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Adding to this, Vibha Padalkar, Managing Director & CEO, HDFC Life, commented: “At HDFC Life, financial security for our customers remains our priority. Our association with Avanse Financial Services furthers our mission of offering comprehensive protection, ensuring that institutions shaping India’s future have a robust financial safety net. Avanse’s expertise in the lending space enhances our reach and strengthens this joint proposition.”
Impact on India’s Education Ecosystem
As of March 31, 2025, Avanse Financial Services has supported nearly 2,000 educational institutions across India, enabling infrastructure growth, enriched learning environments, and sustainable educational delivery.
With this partnership, Avanse aims to expand its role in fortifying India’s education sector, blending financial access with long-term security.
