Avanse Financial Services, a leading education-focused non-banking financial company (NBFC), has announced a strategic partnership with HDFC Life to provide customised credit life insurance protection for its educational institution loan customers.
Avanse’s institution loan solutions finance infrastructure development, working capital and expansion projects for schools, colleges and universities across India. The collaboration will embed HDFC Life’s retail and group credit life insurance products into these offerings, ensuring that institutions are protected from unforeseen financial risks while focusing on delivering quality education.
Amit Gainda, managing director and CEO of Avanse Financial Services, said the partnership reflects the company’s mission to make education financing accessible and resilient. “By integrating comprehensive protection solutions into our offerings, we aim to empower institutions to focus on delivering world-class learning while we ensure their financial resilience and long-term sustainability,” he noted.
Vibha Padalkar, managing director and CEO of HDFC Life, added: “We are pleased to announce our association with Avanse Financial Services, which will further our goal of providing financial security for all. Educational institutions play a vital role in shaping the nation’s future, and this partnership will offer them a strong financial safety net.”
As of 31 March 2025, Avanse had supported around 2,000 educational institutions in strengthening infrastructure and building enriched learning environments across the country.
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