Zurich Kotak General Insurance Announces Business Secure Plus
On 22 September 2026, Zurich Kotak General Insurance (ZKGI) issued a press release from Mumbai announcing the launch of Business Secure Plus, a digital‑first insurance proposition designed specifically for small and medium‑enterprises (SMEs). The solution is built on Zurich Edge, Zurich’s globally‑proven technology stack, and delivers a single‑interface, end‑to‑end experience covering quotation, purchase, servicing, referrals and underwriting. Policy issuance can be completed within minutes, allowing SMEs to obtain coverage with just a few taps.
The offering bundles multiple risk covers into one product, including Fire & Special Perils, Burglary & Housebreaking, Electronic Equipment, All Risk, Fidelity Guarantee, Directors & Officers Liability, Employee Compensation, and Money and Machinery Breakdown, subject to standard policy terms and conditions. ZKGI states that the platform will be expanded over time with additional products, covers, risk solutions and technology capabilities to meet evolving SME needs.
Market Context
SMEs contribute nearly 30 % of India’s GDP and support millions of livelihoods, yet insurance adoption among them remains low because of the complexity of managing multiple policies across diverse risks and geographies. ZKGI positions Business Secure Plus as a means to simplify protection, reduce barriers, and enhance resilience for this critical segment.
Executive Comment
Mr. Birendra Mohanty, Chief Business Officer of Zurich Kotak General Insurance, said that SMEs are “India’s growth engine” and should be able to navigate risks without insurance becoming a barrier. He highlighted the joint venture’s focus on creating a product that is easier to access, faster to transact, and combines product breadth, digital capability, underwriting expertise and partner enablement in a connected proposition.
Joint‑Venture Background
Zurich Kotak General Insurance is a 70:30 joint venture between Zurich Insurance Group (holding 70 % after acquiring a majority stake in August 2024) and Kotak Mahindra Bank (holding 30 %). Established in 2015 as Kotak Mahindra General Insurance, the company rebranded to its current name in August 2024 following the acquisition. It is described as one of the youngest and fastest‑growing non‑life insurers in India, offering a comprehensive suite of retail and commercial non‑life products.
Outlook
ZKGI expects the digital proposition to drive further growth in the SME segment, leveraging Zurich’s global expertise and Kotak’s local trust. The company emphasizes its commitment to building a technology‑driven insurance franchise that supports higher insurance penetration and financial resilience across India.