- Kotak Mahindra Old Mutual Life Insurance Limited (short: Kotak Life Insurance), established 2000, is a joint venture between Kotak Mahindra Bank Ltd, India (KMBL) and affiliates (holding a share of 74%) and Old Mutual plc, London (26%).
- Total assets managed by the Kotak Mahindra Group stand at over USD 11 billion.
- KMBL was the first non-banking financial company to receive a retail bank license (in 2003).
- In the life insurance market, Kotak Life Insurance registered a growth of 10% in total premium for the period April-September 2009 (after a growth of gross premium of 39% in the financial year 2008-09). Total assets under management increased to above INR 50 billion (USD 1.1 bn).
- Kotak Life Insurance, with 203 branches in 141 cities, and a work force of around 6,000 employees, is a company with a high level of brand awareness in the market.
- Kotak Life Insurance aspires to a further accelerated growth with a strong focus on the customer, products, mapping of geographic distribution channels and fund performance.
- Member of the Swiss Life Network since 2003.
