Kotak Mahindra General Insurance Company Limited is one of the fastest growing general insurance companies in India. This company is the 100% subsidiary of Kotak Mahindra Bank Limited. In the year 2015, November, Kotak Mahindra General Insurance got its IRDA ‘Certificate of Registration’ to initiate business as an Indian general insurance company. Now it becomes one of the leading general insurers in India. This leading general insurer came into appearance with an aim to service general insurance needs with the best quality customer services. This Kotak Mahindra General Insurance Company offers a wide array of general insurance products from motor to health insurance. Non-life insurance products offered by Kotak Mahindra cover a broad range of customer segments and geography. The company’s digital infrastructure is based on state of art technology, which ensures flawless processes.
This leading general insurer mainly stands out because of its customer oriented approach and its firm commitment towards customers. Some of the unique salient features of Kotak Mahindra General Insurance are the following
- ✔The company is a part of Kotak Mahindra group which is one of leading financial services corporations in India.
- ✔Kotak Mahindra General Insurance aims to focus on customized products with the art technology and digital infrastructure.
- ✔The company has strong management and highest incurred claims ratio.
- ✔Comprehensive ranges of customized non-life insurance products are offered by Kotak Mahindra General Insurance.
- ✔The company offers coverage for motor, health and other insurance.
- ✔It has widespread of geographical presence.
- ✔The company offers a user-friendly web portal to buy and renew insurance online.
- ✔Kotak Mahindra General Insurance offers secure electronic payment getaways to buy insurance.
- ✔It also provides free insurance quotes online.
Kotak Mahindra Car Insurance
Kotak Mahindra General Insurance Company offers two types of car insurance plans in general: Third Party and Comprehensive car insurance. On the other hand, Kotak Mahindra car insurance comprehensive policy also comes with the variety of effective add-on covers.
Third Party Liability: This plan helps to reduce your liability. It provides third party liability cover for bodily injury/death and property damage of third party due to an accident involving your car. It’s obligatory to have third party car insurance as per motor vehicle act in India. However, this motor insurance plan doesn’t cover your own damage.
Comprehensive Car Insurance Plan: Comprehensive auto insurance plan can be called the best car insurance plan given that this plan covers both third party liability as well as your own damages. Kotak Mahindra’s comprehensive car insurance plans come with wide coverage options at an affordable premium.
Add-on cover: A lot of add-on covers have been provided by Kotak Mahindra car insurance. The covers are like Nil Depreciation, Return to Invoice Cover, Engine Cover, NCB etc. However, to avail such covers, you’ll have to make additional payment along with your premium.
Kotak Mahindra Two Wheeler Insurance
With Kotak Mahindra Two wheeler Insurance plan, you can provide a good protection to your bike. So you can enjoy every bit of your ride. You will get following coverage from Kotak Mahindra two-wheeler insurance
- ✔Loss or damage cover
- ✔Liability to third party
- ✔No claim bonus
- ✔Long term policy
- ✔Personal accident cover for owner driver
Kotak Mahindra Commercial Vehicle Insurance
If you are a business owner, then you can understand the essentiality of commercial vehicles. Commercial vehicles are the much-needed asset to business. But when these vehicles get broken-down, it can cost a heavy amount to business. Considering this fact, it is mandatory to have commercial vehicle insurance plan. Kotak Mahindra Insurance offers complete coverage for the commercial vehicles to ease financial loss during unforeseen circumstances. Coverage of Kotak Mahindra commercial vehicles insurance are the following
- ✔Personal accident and co-passenger cover
- ✔Loss or damages coverage arises from natural and man-made calamities
- ✔Third party legal liability
- ✔No claim bonus
- ✔Coverage for electric and non-electric accessories.
Kotak Mahindra Health Insurance
Kotak Mahindra General Insurance offers two types of health insurance plans. Let’s have a look to know about Kotak Mahindra health insurance plan.
Kotak Heath Care: It is a comprehensive mediclaim policy from Kotak General Insurance that ensures you and your family members are secluded. This plan has three variants like,
Health Care Excel: This plan covers all the medical treatment expenses and works as a comprehensive health plan. This plan offers flexible Sum Insured options. You can also avail lifetime renewal option under this plan.
Heath Care Premium: This policy offers coverage against hospitalization expenses incurred from any illness or injuries.
Health Care Prime: This policy provides complete healthcare needs for you as well as for your family members. Under this plan, you can get wider sum insured up to Rs 1 crore.
Kotak Secured Shield: This Kotak Mahindra health insurance policy provides coverage for critical illness. This plan provides quality healthcare services for 18 types of critical illness and surgeries. Under this plan, dependent member of insured person will get coverage in case of death or permanent disability of insured person.
If you want to keep continuation in policy coverage you should set reminders for your Kotak Mahindra General Insurance renewal dates so that you never miss your plan’s renewal date. The online renewal method is smooth and easy. With just a few mouse clicks, you can renew your Kotak Mahindra General Insurance plan. You need to follow the below mentioned steps to complete the online renewal process.
- ✔To initiate Kotak Mahindra General Insurance online renewal process, you have to log into company’s official website.
- ✔Thereafter, select ‘Renew Policy’ tab and enter policy details.
- ✔In the last step, pay the premium digitally for the successful completion of your Kotak General Insurance renewal online.
- ✔After successful payment of the premium, you will receive renewal confirmation receipt.
An Advice for All
Whenever you think to buy general insurance from Kotak Mahindra, you should compare insurance quotes from other leading insurance providers. Comparison is the right step to choose the best and affordable priced insurance policies. However, according to experts, you won’t be disappointed if you buy non-life insurance from Kotak Mahindra General Insurance Company as it provides customized general insurance products.
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