Betting massive on the digital distribution and direct-to-customer house, Kotak Mahindra Common Insurance coverage Firm Restricted (Kotak Common Insurance coverage) on Wednesday introduced that it has partnered with PhonePe Insurance coverage Broking Companies Pvt. Ltd (PhonePe), a digital funds platform to supply motor insurance coverage to 380 million clients on the PhonePe platform. By PhonePe, Kotak Common Insurance coverage will present fast and seamless automobile and two-wheeler insurance coverage insurance policies to its clients.
Suresh Agarwal, Managing Director & CEO, Kotak Common Insurance coverage mentioned, “This tie-up will empower PhonePe clients to purchase automobile and two-wheeler insurance coverage end-to-end on-line in only a few clicks from the consolation of their good telephones. At Kotak Common Insurance coverage it has been our endeavour to offer easy and straightforward to grasp merchandise for patrons and the partnership with PhonePe will assist us to attach and have interaction with clients who’re digital natives, in search of comfort.”
Including to it, Prannay Batra, Head of Common Insurance coverage, PhonePe mentioned, “We’re excited to associate with Kotak Common Insurance coverage and supply our clients with one more nice choice to select from whereas shopping for automobile and two-wheeler insurance coverage on the PhonePe platform. Our mission is to assist bridge the distribution hole and assist drive greater insurance coverage penetration within the nation by offering easy, intuitive and worth added insurance coverage merchandise to clients.”
Supply: Live Mint