Kotak Life InsuranceIndia
Kotak Mahindra Old Mutual Life Insurance is amongst the competitive private players in the market. It is a joint venture company between Kotak Mahindra Bank Ltd., its affiliates and Old Mutual plc. The stake of the company is divided into a ratio of 74:26 as per the rule of the government between Kotak Mahindra Bank Limited India and Old Mutual PLC respectively. Kotak Mahindra group is one of India's leading banking and financial services organizations, with offerings across personal financial services; commercial banking; corporate and investment banking and markets; stock broking; asset management and life insurance. The Kotak Group employs around 20,000 people and has over 1,350 offices across 370 cities and towns in India. And Old Mutual plc is an international savings and wealth management company based in United Kingdom.
It originated in South Africa in 1845, and is amongst the top 50 largest companies in the FTSE100. The group has a balanced portfolio offering Asset Management, Life Assurance, Banking and General Insurance Services in over 40 different countries, with their focus on South Africa, Europe and the United States. And now it is slowly growing in Asia Pacific.
Kotak Mahindra Old Mutual life Insurance is one of the fastest growing insurance companies in India and has shown remarkable growth since its inception in 2001. Kotak Mahindra believes in offering a lifetime value to its valued customers. The commitment and its fulfillment made it a leading financial services group.
Kotak Mahindra Old Mutual life employs around 10,800 skilled staff in its various businesses. The distribution network of Kotak Mahindra Insurance Ltd. includes retail distribution through the branch offices, insurance agencies, individual agent network and insurance brokers for claim settlements. It has offices across 300 cities and towns in India. It also has sales offices in New York, London, Dubai, Mauritius and Singapore. Kotak Mahindra serves around 2.6 million customer accounts as a whole. Each Kotak Mahindra insurance agent and broker is professionally trained to provide the customers a transparent transaction with the company. Kotak Mahindra offers various life insurance products designed to meet the need of the institutions, banks, corporate and individuals.