Kotak Mahindra General Insurance
This article relies too much on references to primary sources. (August 2018) |
Type | Subsidiary |
---|---|
Industry | Financial service |
Founded | 2015 |
Headquarters | Mumbai, India |
Key people | Suresh Agarwal (MD & CEO)[1] |
Products | General insurance Vehicle insurance Health insurance Home insurance |
Number of employees | 793 (as on September 2020)[2] |
Parent | Kotak Mahindra Bank |
Website | www |
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[]
- ^ "Kotak Mahindra Group announces new chiefs for insurance business".
- ^ "No.of Employees-Kotak General Insurance".
- ^ "List of private banks by market capitalization". www.moneycontrol.com.
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: CS1 maint: url-status (link) - ^ "Kotak General Insurance gets IRDAI certificate".
- ^ "About Kotak General Insurance".
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: CS1 maint: url-status (link) - ^ "Kotak General Insurance Company Limited Overview".
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External links[]
- General insurance companies of India
- Financial services companies established in 2015
- Financial services companies based in Mumbai
- Kotak Mahindra Bank
- 2015 establishments in Maharashtra
- Indian companies established in 2015