Carnation has launched its own insurance solutions business. Using its insurance broking licence, Carnation will now be able to sell life insurance in addition to other products like car insurance.
As part of its plans, 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. Carnation will also leverage its online presence to create awareness of insurance products and match customer requirements with suitable solutions.
Carnation has attributed the move to growth in demand for auto insurance. It says that the Indian Insurance sector is expected to grow at 15 to 20 per cent over the next two-three years making it the right sector to venture into.
Commenting on the move, Jagdish Khattar, chairman and MD said, “We were already the pioneers in the organised multi-brand auto solutions segment. The addition of the insurance license gives us the perfect opportunity to provide comprehensive car care solutions to our customers.”
