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.
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