- 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
