Top 10 Insurance Companies in India 2016

Posted in Top Brand Lists, Total Reads: 9122

9. Kotak Life Insurance

Kotak Life Insurance or Kotak Mahindra Old Mutual Life Insurance is an Indian insurance company, which has steadily become one of the leading players in the industry.

Image: company logo

It was formed in 2001 by the JV between Kotak Mahindra Bank Limited (74%) which is one of the leading financial services and banking organisation and Old Mutual (26%) which is an international investment, long term savings and protection group from South Africa. The headquarters of Kotak Life Insurance is in Mumbai.

It is one of the fast growing insurance companies and is trusted by more than 4 million policy-takers worldwide. It has been provided differentiated services to its customers through its understanding and high customer empathy, exceptional services and its portfolio of products that give the power of long term savings and protection at the same time. It has one of the best claim ratios and its product line consists of Group, Investment as well as Insurance Plans.

Some of the Life Insurance Plans which are offered include Platinum, Saral Suraksha, Assured Savings and Invest Maxima Plan.

Kotak life Insurance distributes its products through insurance agencies, branch offices, insurance brokers and individual agents. It has its offices spread over 400 towns and cities in India. It also launched a TV campaign “Koi Hai Hamesha” and new plan known as “Kotak Premier Life Plan” which allows customer more benefits. It has always believed in its strengths like innovation which is the reason for success for this company over the years.

Income (in INR '000)= 2746805

Net Profit (in INR '000)= 2507469

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