Kotak Mahindra General Insurance Signs Agreement with Repco Home Finance

A new entrant in the non-life insurance sector, Kotak Mahindra General Insurance signed a pact with Repco Home Finance, the popular Indian banking and financial services company on 9 January, 2019. The agreement is in regards with the delivery of insurance products. According to the agreement, Repco Home Finance will represent Kotak General Insurance as a ‘corporate agent’ and retail general & health insurance products by the latter at 144 branches of Repco Bank.

Mahesh Balasubramanian, MD and CEO, Kotak General Insurance, said “We believe Repco (Home Finance’s) strong network coupled with our ability to offer superior solutions will lead to a worthwhile proposition for all stakeholders.” He added, “Arrangements like these are essential to encourage prospective customers to sign up for insurance products..”

K Prabhu, Compliance Officer, Repco Home Finance, highlighting his views on the partnership said, “The synergies that will be generated out of this association will not only offer an enhanced value proposition to customers, but most importantly will empower them to mitigate their risks and secure the future”.