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Kotak General Introduces Add-On Insurance Feature

Published on November 23, 2022
Current Context: The Kotak Mahindra General Insurance Company launched a usage-based add-on cover for Private Car insurance policies.
Kotak General Introduces Add-On Insurance Feature
  • The policy, Kotak Meter (Switch On/Switch Off), will allow the policyholders to pause the insurance cover when the vehicle is idle.
  • The policy will also offer a cashback feature, making Kotak General the first company in the country to do so.
  • The policy will be available on the Kotak Meter Mobile Application which can be downloaded via PlayStore or AppStore.
  • The cost of the add-on feature will be INR 250 which will allow the customers to switch their vehicle insurance coverage to “ON” or “OFF” mode.
  • The Kotak Mahindra General Insurance Company was established in 2003 with its headquarters in Mumbai. The current MD & CEO of the company is Suresh Agarwal.

Question:

Q.1 Which insurance company recently launched usage-based add-on cover for private cars?
a. Kotak General
b. Bharati AXA
c. Bajaj Allianz
d. ICICI Lombard
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