Kotak Mahindra Life Insurance Company Limited is a privately held life insurance company based in India.[1][2][3] It was established in 2001 and currently serves 46 million customers in 148 cities and towns across India.[4][5]
The company provides protection, retirement, savings, investment, and annuity plans.[6]
Corporate history
The Kotak Mahindra Group was founded in 1985 as a provider of financial services.[7][8] In February 2003, Kotak Mahindra Finance Ltd (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI) to conduct banking operations in the country and was renamed as Kotak Mahindra Bank, the parent company of Kotak Life Insurance.[9] The company started operations in 2001 on a joint venture between Kotak Mahindra Bank Ltd and Old Mutual Plc.[10][11][12]
In 2017, Kotak Mahindra Bank bought Old Mutual's 26 percent stake in the life insurance joint venture for Rs 1,293 crore, subject to approvals, making the life insurance company fully owned by Kotak Mahindra Group.[13][14][15][16]
Kotak Life Insurance has various plans,[17] including health insurance, as of 2020.[18][19][20][21]
Kotak Life Insurance has implemented some CSR projects. These include free breast cancer screenings.[22]
See also
References
- ↑ Ministry of Defence and Kotak Mahindra Life Insurance Collaborate to Provide Job Opportunities to Veterans. currentaffairs.adda247.com. Retrieved 2023-07-07.
- ↑ Kotak Life Announces Bonus Of Rs 840 Cr To Policyholders, Bureau, BW Online. BW Businessworld. Retrieved 2023-07-07.
- ↑ Kotak Life acknowledges the young conscious minds before investing with new ad - ET BrandEquity, www.ETBrandEquity.com. ETBrandEquity.com. Retrieved 2023-07-07.
- ↑ कोटक लाइफ इंश्योरेंस 60000 एजेंटों की नियुक्ति करेगा. Financial Express Hindi(2018-01-21). Retrieved 2023-07-05.
- ↑ After Hours with Mahesh Balasubramanian, MD, Kotak Mahindra Life Insurance Company. Financialexpress(2023-03-20). Retrieved 2023-07-05.
- ↑ इस कंपनी के पॉलिसी धारकों की मोटी कमाई, मिला 840 करोड़ रुपये का बोनस. cnbctv18.com(2023-05-31). Retrieved 2023-07-07.
- ↑ Kotak Mahindra Bank - AajTak. आज तक. Retrieved 2023-07-05.
- ↑ life insurance companies.
- ↑ Kotak Life Insurance records 42% growth in Profit in FY11(10 May 2011). Retrieved 22 December 2016.
- ↑ Kotak to buy out Old Mutual in insurance JV. The Economic Times(2017-04-29). Retrieved 2023-07-05.
- ↑ Kotak Bank completes buyout of life insurance subsidiary. www.thehindubusinessline.com(2017-10-13). Retrieved 2023-07-05.
- ↑ Kotak Mahindra to buy Old Mutual’s India insurance JV stake for Rs1,292 cr, Laskar, Anirudh. mint(2017-04-28). Retrieved 2023-07-05.
- ↑ Kotak buys out Old Mutual's 26% stake for Rs 1,293 cr in insurance arm(29 April 2017). Retrieved 26 April 2021.
- ↑ Kotak Mahindra Bank To Buy Out Old Mutual’s 26% Stake In Kotak Life For Rs 1,293 Crore, Thakkar, Krupali. BQ Prime(2017-04-28). Retrieved 2023-07-07.
- ↑ Kotak Bank to buy out Old Mutual's insurance stake for Rs 1292 crore. Moneycontrol(2017-04-28). Retrieved 2023-07-07.
- ↑ KMB buys UK Old Mutual's 26% stake in insurance arm for `1,292 cr, PTI. www.millenniumpost.in(2017-04-28). Retrieved 2023-07-07.
- ↑ Kotak Mahindra Life Insurance Company Limited: Company Profile & Plans(5 March 2020). Retrieved 26 April 2021.
- ↑ Kotak Health Shield: Rs 1 crore fixed benefit health plan from a life insurer. Business Today(2020-10-23). Retrieved 2023-07-07.
- ↑ Kotak Life launches Kotak Health Shield, forays into comprehensive health insurance segment(22 October 2020). Retrieved 26 April 2021.
- ↑ Kotak Life acknowledges the young conscious minds before investing with new ad - ET BrandEquity, www.ETBrandEquity.com. ETBrandEquity.com. Retrieved 2023-05-03.
- ↑ कोटक लाइफ ने लॉन्च किया नया इंश्योरेंस प्लान, 6-15 साल तक भरें प्रीमियम, 85 साल की उम्र तक मिलेगा लाइफ कवर, Bharatvarsh, TV9. TV9 Bharatvarsh(2022-02-14). Retrieved 2023-07-05.
- ↑ Kotak Life Insurance associates with NPSS for free early breast cancer detection. Free Press Journal. Retrieved 2023-07-05.