One of the largest automobile sales and service network of the country, Carnation Auto announced its expansion into providing car and life insurance solutions. The company which sells multi brand used cars and new cars in India now owns licensed brokerage to sell insurance policies. This is a strategic move from Carnation Auto which also provides best in class repair and servicing solutions for cars.
Automotive insurance holds a large share in Indian insurance industry. Being one of the leading providers of auto solutions, entry into insurance sector aids the company in serving its consumers in a better way. Carnation Auto is known for its people oriented facilities like cashless claim, Workshop on Wheels etc. With the introduction of general and life insurance plans under its roof, consumers will now be able to find the right insurance plan under the guidance of financial analyst from banking and insurance sectors. The company is also planning to increase its presence in the web world to propagate information about car insurance in India.
Mr. Jagdish Khattar, Chairman and Managing Director of Carnation Auto stated that, "We were already the pioneers in the organized 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. We now provide car service and repair, car spa, buying and selling of used cars, new cars sales, accessories, workshop on wheels and now best in class general and life insurance solutions all under one roof. Our strength lies in the fact that our insurance SMEs (Subject Matter Experts) will be able to align our customers' needs and requirements with the products offered by over 20 Public & Private Sector Insurance Companies in India. We will also utilize the web to empower car owners to make informed insurance purchase decision." He also added, "In the last 4-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."