Kotak Mahindra General Insurance

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Kotak Mahindra General Insurance
TypeSubsidiary
IndustryFinancial service
Founded2015
HeadquartersMumbai, India
Key people
Suresh Agarwal (MD & CEO)[1]
ProductsGeneral insurance
Vehicle insurance
Health insurance
Home insurance
Number of employees
793 (as on September 2020)[2]
ParentKotak Mahindra Bank
Websitewww.kotakgeneral.com

Kotak Mahindra General Insurance Company Ltd. is a General Insurance company headquartered in the city of Mumbai, India. It caters to a wide range of customer segment & geographies offering an array of non-life insurance products like Motor, Health, Home and others.

Its wide range of products caters to the financial needs of individuals & businesses alike. In Feb 2003, Kotak Mahindra Finance Ltd., the group’s flagship company received a banking license from the Reserve Bank of India, becoming the first non-banking finance company in the country to convert into a bank.

Kotak Mahindra Bank has a network of 1,600 branches and 2,519 ATMs in the country (as on 31 March 2020).[3]

History[]

Kotak General Insurance received the license to conduct general insurance business in India from the Insurance Regulatory Development Authority of India (IRDAI) in April 2015.[4]

Key persons[]

  • Suresh Agarwal- Managing Director and Chief Executive Officer (MD & CEO)[1]

Products and services[]

Kotak General Insurance provides various general insurance policies in India which are listed below-

  • Kotak Car Insurance
  • Kotak Two-Wheeler Insurance
  • Kotak Health Insurance
  • Kotak Home Insurance
  • Kotak Fire Insurance
  • Kotak Marine Insurance
  • Kotak Liability Insurance
  • Kotak Miscellaneous Insurance

Expansion since incorporation[]

In April 2015, Kotak General Insurance received the license to start the business and since then it has a national footprint of 19 branches spread across India as on September 2020[5]

Awards and recognition[6][]

  • Marketer company of the year – India Insurance Summit & Awards 2020
  • ANA ECHO International Awards 2020, USA – Bronze, Consumer Services
  • Brand Equity Shark Awards 2019 – Silver, best consumer insights campaign
  • India Digital Media Awards 2019 – Silver, Special award for gender parity
  • DMAi ASIA ECHO AWARDS 2019
    • 2 Silvers – Best consumer engagement & Best in financial service
    • 3 Bronze – Best use of social media, innovative use of technology & best in consumer services

References[]

  1. ^ "Kotak Mahindra Group announces new chiefs for insurance business".
  2. ^ "No.of Employees-Kotak General Insurance".
  3. ^ "List of private banks by market capitalization". www.moneycontrol.com.{{cite web}}: CS1 maint: url-status (link)
  4. ^ "Kotak General Insurance gets IRDAI certificate".
  5. ^ "About Kotak General Insurance".{{cite web}}: CS1 maint: url-status (link)
  6. ^ "Kotak General Insurance Company Limited Overview".{{cite web}}: CS1 maint: url-status (link)

External links[]

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