Carnation to foray into insurance broking
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Carnation to foray into insurance broking

Last Updated: Wednesday, October 31, 2012, 19:48
 
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Carnation to foray into insurance broking
New Delhi: Multi-brand auto service provider Carnation Auto on Wednesday said it is venturing into insurance broking through a separate entity.

Carnation Insurance, a part of Carnation Auto which was started by former Maruti Suzuki Managing Director Jagdish Khattar, has received insurance broking license enabling it to sell not only general insurance products like car insurance but also life insurance products, the company said in a statement.

"The addition of the insurance license gives us the perfect opportunity to provide comprehensive car care solutions to our customers," Carnation Auto Chairman and Managing Director Jagdish Khattar said.

The company will provide cashless claims facilities across its existing nationwide car service and repair network in cities like Bangalore, Delhi, Gurgaon, Hyderabad, Mumbai, and Pune to name a few.

Carnation will also leverage its online presence to create awareness of insurance products and match customer requirements with suitable solutions, it added.

Khattar said within five to eight months, the Carnation Insurance will be able to foray into broking of other insurance products such as health and the company will look to tap the existing customers.

"In the last four-years we have served over 4 lakh customers and several thousands of them have availed of our cashless insurance claims facility through our 22 hubs spread across India," he added.

The company's subject matter experts will be able to align customers' needs and requirements with the products offered by over 20 public and private sector insurance companies in India, Khattar said.

"We will also utilise the web to empower car owners to make informed insurance purchase decision," he added.


PTI


First Published: Wednesday, October 31, 2012, 19:48


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