Kotak Mahindra General Insurance Explained

Zurich Kotak General Insurance
Type:	Subsidiary
Industry:	Financial service
Founded:	2015
Key People:	Suresh Agarwal (MD & CEO)^[1]
Products:	General insurance Vehicle insurance Health insurance Home insurance
Location:	Mumbai, Maharashtra, India
Num Employees:	793 (as on September 2020)^[2]
Parent:	Zurich Insurance (70%) Kotak Mahindra Bank

Zurich Kotak General Insurance Company Ltd. is a general insurance company headquartered in Mumbai. It offers non-life insurance products like motor, health, home and others.^[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)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

It has a network of 4000+ network hospitals

• 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 of September 2020.^[5]

Notes and References

1. Web site: Kotak Mahindra Group announces new chiefs for insurance business.
2. Web site: No.of Employees-Kotak General Insurance.
3. Web site: List of private banks by market capitalization. www.moneycontrol.com.
4. Web site: Kotak General Insurance gets IRDAI certificate.
5. Web site: About Kotak General Insurance.