Kotak Mahindra General Insurance: Difference between revisions

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Last edited March 19, 2025
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{{primarysources|date=August 2018}}
#REDIRECT [[Zurich Insurance Group#Zurich Kotak General Insurance Company]]
{{Use dmy dates|date=August 2018}}
 
{{Use Indian English|date=August 2018}}
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{{Infobox company
{{R from move}}
| name = Kotak Mahindra General Insurance
| logo = Kotak General Insurance.png
| logo_size = 250px
| type = [[Subsidiary]]
| industry = [[Financial service]]
| founded = 2015
| key_people = Suresh Agarwal ([[Managing director|MD]] & [[Chief Executive Officer|CEO]])<ref>{{cite web|title=Kotak Mahindra Group announces new chiefs for insurance business|url=https://www.thehindubusinessline.com/money-and-banking/kotak-mahindra-group-announces-new-chiefs-for-insurance-business/article34452619.ece}}</ref>
| products = [[General insurance]]<br>[[Vehicle insurance]]<br>[[Health insurance]]<br>[[Home insurance]]
| location = [[Mumbai]], [[India]]
| num_employees = 793 (as on September 2020)<ref>{{cite web|title=No.of Employees-Kotak General Insurance|url=https://www.kotakgeneralinsurance.com/about-us/about-kotak-general-insurance}}</ref>
| parent = [[Kotak Mahindra Bank]]
| website = {{url|https://www.kotakgeneralinsurance.com/}}
}}
}}
'''Kotak Mahindra General Insurance Company Ltd. (Kotak General Insurance)''' is a 100% subsidiary of Kotak Mahindra Bank Ltd, it was incorporated in December 2014 and received an approval from the [[Insurance Regulatory and Development Authority]] to start a [[General insurance|General Insurance]] business in April 2015, post which it commenced business operations from December 2015 onward.
The company aims to cater to a wide range of customer segment & geographies offering an array of non-life insurance products like Motor, Health, Home and others.
[[Kotak Mahindra Bank]], a part of Kotak Mahindra group founded by [[Uday Kotak]]. 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).<ref>{{Cite web|title=List of private banks by market capitalization|url=https://www.moneycontrol.com/stocks/data-bank/standalone/banks-private-sector/1/mkt-data/mktcap|url-status=live|website=www.moneycontrol.com}}</ref>
 
== 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.<ref>{{cite web|title=Kotak General Insurance gets IRDAI certificate|url=http://www.capitalmarket.com/News/Insurance-News/Kotak-Mahindra-General-Insurance-Receives-IRDAI-Approval-to-Commence-Insurance-Business/824832}}</ref>
== Key persons ==
* Suresh Agarwal- Managing Director and Chief Executive Officer (MD & CEO)[https://www.moneycontrol.com/news/business/kotak-mahindra-life-appoints-mahesh-balasubramanian-as-md-6838941.html]
== 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<ref name=":0">{{cite web|title=About Kotak General Insurance|url=https://www.kotakgeneralinsurance.com/about-us/about-kotak-general-insurance|url-status=live}}</ref>
== Awards and recognition<ref>{{Cite web|title=Kotak General Insurance Company Limited Overview|url=https://www.insurancedekho.com/companies/kotak|url-status=live}}</ref> ==
*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 ==
{{reflist}}
==External links==
* {{Official website|https://www.kotakgeneralinsurance.com/}}
{{Kotak Mahindra Bank}}
[[Category:General insurance companies of India]]
[[Category:Financial services companies established in 2015]]
[[Category:Financial services companies based in Mumbai]]
[[Category:Kotak Mahindra Bank]]
[[Category:2015 establishments in Maharashtra]]
[[Category:Indian companies established in 2015]]

Latest revision as of 13:17, 19 March 2025