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Kotak Mahindra Life Insurance

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Kotak Mahindra Life Insurance

  • 74:26 JV between Kotak Mahindra Bank Ltd, its affiliates, and Old Mutual
  • One of India's leading banking and financial services organizations.
  • Caters to the diverse financial needs of individuals and the corporate sector.

Kotak Mahindra Old Mutual Life Insurance Ltd is a 74:26 joint venture (JV) between Kotak Mahindra Bank Ltd, its affiliates, and Old Mutual.

Kotak Mahindra is one of India's leading banking and financial services organizations, offering a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector.

Old Mutual is an international long-term savings, protection and investment group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia. Old Mutual is listed on the London Stock Exchange and the JSE, among others.

Source: http://insurance.kotak.com/about-us/corporate-overview.php

Kotak Mahindra Life Insurance: A JV with Old Mutual

2014 At the end of March 31, 2014, total assets under management stood at Rs 12,104 crore (US$ 1.93 billion).
2013 At the end of March 31, 2013, total assets under management stood at Rs 10,964 crore (US$ 1.75 billion).
2010 Kotak Life Insurance has launched its e-insurance portal.
2009 Reported 39 per cent growth in gross premium during 2008-09.

Updated: March, 2015

Insurance
The total market size of the insurance sector in India is projected to touch US$ 350-400 billion by 2020.