Kotak Life Bangalore, Karnataka

Kotak Mahindra Life Insurance Company Limited is a privately held life insurance company based in India. It was established in 2001 and currently serves 46 million customers through its 287 branches located in approximately 148 cities and towns across India, with the support of about 73,000 agents. It provides a variety of plans including protection, retirement, savings, investment, and annuity plans to cater to the diverse needs of its customers. The Kotak Mahindra Group was founded in 1985 as a provider of financial services. In February 2003, Kotak Mahindra Finance Ltd (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI) to conduct banking operations in the country and was renamed as Kotak Mahindra Bank, the parent company of Kotak Life Insurance. The company started operations in 2001 on a 74:26 joint venture between Kotak Mahindra Bank Ltd and Old Mutual Plc. In 2017, Kotak Mahindra Bank bought Old Mutual's 26 percent stake in the life insurance joint venture for Rs 1,293 crore, subject to approvals, making the life insurance company fully owned by Kotak Mahindra Group. Kotak Life Insurance offers a range of insurance products, including rural plans, term plans, savings plans, children's plans, retirement plans, and investment plans. The company aims to provide these plans at affordable premium rates that are tailored to the individual investment requirements of customers. Each plan is designed to offer maximum protection and benefits, taking into consideration the diverse needs of society. To make its products easily accessible, Kotak Life Insurance has established a wide network of branch offices throughout the country, and works with individual agents, insurance agencies, and offices, as well as individual and firm brokers for claim settlements. In addition, these products are also available online through aggregators and the company website.