Zurich Kotak General Insurance Explained

Zurich Kotak General Insurance
Type:	Subsidiary
Industry:	Financial service
Key People:	Suresh Agarwal (MD & CEO)^[1]
Location City:	Mumbai, Maharashtra,
Location Country:	India
Num Employees:	793
Num Employees Year:	2020^[2]
Parent:	Zurich Insurance (70%), Kotak Mahindra Bank

Zurich Kotak General Insurance Company is an Indian general insurance company headquartered in Mumbai. It offers non-life insurance products like motor, health, home and others.^[3] It is 70% owned by Swiss insurance company Zurich Insurance.

History

In April 2015, Kotak General Insurance received the license to conduct general insurance business in India from the Insurance Regulatory and Development Authority of India (IRDAI).^{[4] [5]}

By September 2020, the business it had grown to have a national footprint of 19 branches spread across India.^[6]

Notes and References

1. Web site: Kotak Mahindra Group announces new chiefs for insurance business. April 30, 2021 . The Hindu BusinessLine.
2. Web site: No.of Employees-Zurich Kotak General Insurance. Zurich 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. News: Kotak General Insurance gets IRDAI licence to commence business . November 20, 2015 . Business Standard .
6. Web site: About Zurich Kotak General Insurance.