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Kotak Mahindra General Insurance
 | This article relies too much on references to primary sources. |
| File:Kotak General Insurance.png | |
| 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. (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 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).[3]
History[edit]
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[edit]
- Suresh Agarwal- Managing Director and Chief Executive Officer (MD & CEO)[1]
Products and services[edit]
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[edit]
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][edit]
- 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[edit]
- ↑ "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.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Kotak General Insurance gets IRDAI certificate".
- ↑ "About Kotak General Insurance".
{{cite web}}: CS1 maint: url-status (link) - ↑ "Kotak General Insurance Company Limited Overview".
{{cite web}}: CS1 maint: url-status (link)