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Kotak Mahindra Old Mutual Life Insurance Limited is a joint venture between Kotak Mahindra Bank (74%) and Old Mutual Plc (26%) headquartered in London. The company started its operations in the year 2001.
The Kotak Mahindra Group is one of India's trusted name in financial services established in 1985 and currently caters to the entire spectrum of financial products. Kotak Mahindra Bank is one of its flagship businesses with an established presence as a private bank in the country. Its other established lines of businesses include asset management, broking, investment banking and realty funds. The wide financial services experience makes it an ideal lead partner in the life insurance business. Old Mutual, based in London, UK has a 165 year old history and has operations in 34 different countries around the world. Its major operations are in US and the UK. It has a portfolio of insurance, asset management, banking and long term savings products.
Kotak Life Insurance is a fast growing life insurance company in India. The company has more than 200 branches in India and along with the distribution reach of its group companies, is well positioned to reach out to the length and breadth of the country. It has a large spectrum of life insurance products catering to protection, savings and retirement solutions.