kotak Life Insurance:

Old Mutual is an international insurance and investment management organization offering a diverse range of services since 150 years in the United States, the United Kingdom and South Africa.

Kotak Mahindra Old Mutual Life Insurance is a subsidiary of Kotak Mahindra Bank limited. The company was founded in the year 2001 as a joint venture between Kotak Mahindra Bank Ltd. and Old Mutual plc.

Kotak Mahindra and is considered as one of India’s foremost financial institutions offering services like stock broking, commercial banking, life insurance, mutual funds and investment banking.

The company has been a pioneer in offering individual insurance products for the benefit of the society. The services include protection plans, retirement plans, savings and investment plans and child plans.

The group insurance products include life coverage, gratuity management and credit term group plans as well. Kotak Mahindra Old Mutual Life Insurance has always believed in incorporating new insurance plans and policies that can make life easier for the populace.

The company combines its international strengths by localizing the services catering to a large section of the society. Services are designed to help people understand the importance of saving and investing through a detailed step by step description to ensure that even laymen can comprehend the benefit factors.

Kotak Mahindra Old Mutual Life Insurance has around 5565 people employed in various businesses with 197 branches across cities in India. With the aim to provide optimum facilities the company has recently announced the launch of its ‘Kotak Single invest’ plan which enables the policy holder to enjoy the benefits of insurance and investment throughout the allotted term.

It is believed that in the near future the company aims at providing these policies with a higher benefit scheme and help individuals invest appropriately. This will help customers take important financial decisions and stay financially independent. The company has also announced that it expects to break even in the next financial year that is April 2010.