Kotak Life Insurance


Kotak Mahindra Life Insurance Company Limited is a private Life Insurance company in India. The company was founded in 2001. It caters to 15 million customers. with 232 branches in around 167 cities and towns in India with 99,275 agents.
Under the umbrella, the company offers various protection plans, savings and investment plans, child plans and retirement plans.

Corporate History

The Kotak Mahindra Group was founded in 1985 as a provider of financial services. In February 2003, Kotak Mahindra Finance Ltd., the Group's flagship company, received banking license from the Reserve Bank of India to conduct banking operations in the country and was renamed as Kotak Mahindra Bank Ltd, the parent company of Kotak Life Insurance.

Products & Services

Kotak Life Insurance's products include rural plans, term plans, savings, children, retirement and investment plans. The company currently has 32 products including 9 group products, 10 ULIPs & 18 rider options.

Financials

As of March 2019, market share of Kotak life insurance increased by 1.6%. The company garnered a total premium of Rs. 8132 crore. The company has net worth of Rs. multi thousand crores and assets under management of Rs. 25,936 crore as on 31 March 2019.