Kotak General Insurance and CARS24 offer Motor Insurance for used cars

By Leandra Monteiro

Kotak Mahindra General Insurance Company Limited has entered into a Corporate Agency agreement with CARS24 Financial Services Private Limited, the financial arm of one of India’s leading e-commerce platforms for pre-owned vehicles, CARS24. Through this association, CARS24, as a Corporate Agent of the insurance company, will extend Motor insurance services to its consumers that will fully insure their vehicles with Kotak’s comprehensive motor insurance plans.

Suresh Agarwal, MD & CEO, Kotak Mahindra General Insurance Co. Ltd. said, “The used car space is evolving rapidly and our corporate agency association with Cars24 will offer customers a trustworthy and faster way to avail motor insurance with fully digital insurance process for a convenient and hassle-free experience.”

Ruchit Agarwal, Co-founder & CFO, CARS24 said, “Buying used car insurance is a complex process that currently lacks transparency – consumers are tasked with loads of paperwork and fine prints. Our association with the company will maximise the value and satisfaction CARS24 buyers receive. As more sales move online, customers need a partner they can trust to deliver quality and that’s exactly what they’ll get with CARS24 and Kotak General Insurance.”

Customers can also avail cashless claims servicing at the company’s extensive network of garages and the option of convenient claim settlement services.