Zurich Kotak General Insurance Company (India) Limited is a 70:30 joint venture between Zurich Insurance Group and Kotak Mahindra Bank. The Company got its new name ‘’Zurich Kotak General Insurance Company (India) Limited’’ in the month of August 2024, following Zurich Insurance Group’s 70% acquisition in Kotak Mahindra General Insurance Company Limited. It is the youngest and one of the fastest growing non-life insurance franchises in India.
Kotak General Insurance was established in 2015 to service the growing non-life insurance segment in India. The company aims to cater to a wide range of customer segments & geographies offering an array of non-life insurance products like Motor, Health, Home etc. As a practice, the company seeks to provide a differentiated value proposition through customized products and services leveraging state of art technology and digital infrastructure.
Zurich Insurance Group (Zurich) is one of the world’s most experienced insurers, serving people and businesses in more than 200 countries and territories. Founded 150 years ago, customers choose Zurich to protect the people and things they love because they value our knowledge, expertise, and financial stability. Across our locations, we combine global expertise with local care to provide leading wealth and insurance solutions for our customers and are passionate about delivering experiences that reflect our purpose to ‘create a brighter future together’.
Kotak Mahindra General Insurance Company Limited is one of the youngest and one of the fastest growing non-life insurance franchises in India. Kotak General Insurance was established in 2015 to service the growing non-life insurance segment in India. The company aims to cater to a wide range of customer segments & geographies offering an array of non-life insurance products like Motor, Health, Home etc. As a practice, the company seeks to provide a differentiated value proposition through customised products and services leveraging state of art technology and digital infrastructure.
Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd.
The Bank has four Strategic Business Units – Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India. The premise of Kotak Mahindra Group’s business model is concentrated India, diversified financial services. The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked. As on 31st March, 2020, Kotak Mahindra Bank Ltd has a national footprint of 1,600 branches and 2,519 ATMs, and branches in GIFT City and DIFC (Dubai).
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Awards
Marketer company of the year – India Insurance Summit & Awards 2020
ANA ECHO International Awards 2020, USA – Bronze, Consumer Services
Brand Equity Shark Awards 2019 – Silver, best consumer insights campaign
India Digital Media Awards 2019 – Silver, Special award for gender parity
DMAi ASIA ECHO AWARDS 2019
2 Silvers – Best consumer engagement & Best in financial service
3 Bronze – Best use of social media, innovative use of technology & best in consumer services.
Amiable Insurer in the Non-life Insurance - Compact category - Economic Times Annual Insurance Summit and Awards 2022
Editor's Choice Best Consumer Experience Initiative - InsureNext Awards 2022
DMA Asia Echo Awards 2023 – Silver in Financial Services & Mobile
Pitch BFSI Marketing Awards 2023 - Most Effective Content Marketing Strategy
E4m Indian Digital Marketing Awards (IDMA) 2024 - Best Media Campaign - Gender Parity
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