On Wednesday, Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) announced a partnership with PhonePe Insurance Broking Services Pvt. Ltd (PhonePe), a digital payments platform that provides auto insurance to 380 million customers on the PhonePe platform. Through PhonePe, Kotak General Insurance will provide its customers with fast and seamless auto and two-wheeler insurance policies.
Suresh Agarwal, the MD and CEO of Kotak General Insurance, said: “This partnership will allow PhonePe customers to purchase auto and two-wheeler insurance online with just a few clicks on their smartphone. At Kotak General Insurance, we have always been committed to a focus on providing customers with products that are simple and understandable, this partnership with PhonePe will help us connect and engage with convenience-seeking digitally native customers.”