Mumbai Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) and Vasai Vikas Sahakari Bank Limited have announced a strategic alliance to provide the Bank’s customers with access to a range of insurance solutions.
Under this agreement, Vasai Vikas Sahakari Bank Limited will offer Kotak General Insurance’s comprehensive suite of general and health insurance products across a network of 21 branches to its customers, enabling them to avail insurance.
Suresh Agarwal, Managing Director and CEO, Kotak Mahindra General Insurance Company Limited said, “India is one of the countries with the lowest general insurance penetration. Such arrangements with Vasai Vikas Sahakari Bank are necessary to reach out to more people and educate them about the importance of having insurance.”
Kotak General Insurance is a 100% subsidiary of Kotak Mahindra Bank Limited.
According to Dilip Sant, Chief Executive Officer, Vasai Vikas Sahakari Bank Limited, the bank has always believed in expanding its offerings to meet the growing needs of the customers.
“The synergies generated by this collaboration will not only provide our clients with an enhanced value proposition, but most importantly, empower them to mitigate risks and secure the future of their assets as well as the health of their loved ones ” Saint.
Vasai Vikas Sahakari Bank Limited is a scheduled co-operative bank established in the year 1984 and is present in Vasai Virar municipal area, from Virar to Boisar and suburbs of Mumbai region.
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