InstantPay, one of India's largest inclusive and neo Banking platform, has entered into a strategic partnership with Kotak Mahindra Bank’s subsidiary -- Kotak Mahindra Life Insurance Company to reach out to the billion uninsured and under banked population of India, including the urban migrant.
This alliance will not only bring insurance to the first time consumers, but will also digitally empower the semi urban sections of the society. InstantPay will deploy its extensive network of more than 1 lakh merchants to distribute Kotak Life Insurance's products via the InstantPay portal or app.
Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
