Kotak Mahindra General Insurance Company (Kotak General Insurance) announced it has been granted certificate of registration (R3) by Insurance Regulatory and Development Authority of India (IRDAI) to commence business as an Indian insurance company.
The insurer has received permission to underwrite all classes of general insurance business (Including health insurance).
Mahesh Balasubramanian is the Chief Executive Officer of Kotak General Insurance. "Being a new entrant, we will have opportunities to embrace new technologies and developments in the digital world to provide innovative products and solutions, which will deliver superior customer experience," said Balasubramanian.