Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) has partnered with PhonePe Insurance Broking Services Pvt. Ltd (PhonePe), one of India’s leading digital payments platforms to offer motor insurance to 380 million customers on the PhonePe platform.
Through PhonePe, Kotak General Insurance will provide quick and seamless car and two-wheeler insurance policies to its customers, the company said.
“This tie-up will empower PhonePe customers to buy a car and two-wheeler insurance end-to-end online in just a few clicks from the comfort of their smartphones. At Kotak General Insurance it has been our endeavour to provide simple and easy-to-understand products for customers and the partnership with PhonePe will help us to connect and engage with customers who are digital natives, seeking convenience,” said Suresh Agarwal, Managing Director & CEO, Kotak General Insurance.
“We are excited to partner with Kotak General Insurance and provide our customers with yet another great option to choose from while buying car and two-wheeler insurance on the PhonePe platform. Our mission is to help bridge the distribution gap and help drive higher insurance penetration in the country by providing simple, intuitive and value-added insurance products to customers,” said Prannay Batra, Head of General Insurance, PhonePe.
He further added that this partnership furthers the company’s mission by enabling greater customer choice and flexibility to choose the insurance product that best suits their needs.