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Kotak Mahindra Old Mutual Life Insurance Ltd is an insurance enterprise linking Old Mutual Public Limited Co. (having 26% of the shares) and Kotak Mahindra Bank (having 74% of the shares). Commenced in 2001, the company has its headquarters in London.
Established in 1985, the Kotak Mahindra Group is one of India's most reputed companies in financial services, and it caters to a wide range of financial schemes and insurances. Kotak Mahindra Bank is a private bank in India which manages several lines of businesses like brokering, realty funds, investment banking and asset management. Old Mutual Plc. Is a 165 years-old company set up in London and is spread across 34 countries. Its services include banking, asset management, long term saving services and insurance.
Kotak Life Insurance is one of the most progressive companies in the country.
They have a vision for a better tomorrow. Their values and aims are the reason for their strengthened bond.
They understand and satisfy customers’ needs very well and therefore, provide great customer experience. They provide customized realistic solutions, and their technology and products are of internationals standards.
Size and value creation together contribute to their blooming business.
They follow a philosophy of trust and understanding which makes them the most trusted financial services company in the country. They have high standards of conformity and corporate governance.
Trusted by 4 billion people worldwide, Kotak Mahindra Old Mutual Life Insurance is the fastest growing insurance company in India. Its high customer understanding skills and extraordinary services and range of products are the 2 key elements that contribute towards its reputation. There are several other key advantages of choosing Kodak Mahindra like:
They have high financial expertise. It has been rated one of the most financially strong companies by several independent agencies. It has a stable and branched out portfolio.
They have years of expertise in asset management. Their capability to manage funds is very efficient.
Customer satisfaction is one of their key driving forces. They have a very committed sales department.
There is sheer transparency in their services. There is a routine declaration of fund performance and daily performance benchmarking. They also publish a monthly newsletter on market appraises.
Their varied products
There are 5 different categories of products offered by Kotak Mahindra. The 5 categories are the following:
1. Kotak Term Insurance Plans
2. Kotak Unit Linked Insurance Plans - ULIPs
3. Kotak Whole Life Plan
4. Kotak Money Back Plan
5. Kotak Pension Plans
Plan | Basic Sum Insured | Policy term |
---|---|---|
Saral Suraksha | Rs.5,000 / Rs.10,000 / Rs.15,000 / Rs.25,000 / Rs.50,000 / Rs.75,000 / Rs.1 lac | 5 years and 10 years |
Preferred e-Term Plan | Rs.25 lacs | 10 years to 40 years |
Preferred Term Plan | Rs.25 lacs | 5 years to 40 years |
Term Plan | Rs.3 lacs | 5 years to 30 years |
Income Protection Plan | n/a | 10 years to 30 years for Regular Pay policies 17 years to 30 years for 12 Pay policies 20 years to 30 years for 15 Pay policies |
Plan | Minimum Premium Level | Policy Term |
---|---|---|
Assured Income Accelerator | Rs.15,000 | 15 years for 7 Pay policies 20 years for 10 Pay policies 30 years for 15 Pay policies |
Gramin Bima Yojana | ||
Premier MoneyBack Plan | Rs.1.5 lakhs (Minimum) | 16 years / 20 years / 24 years |
Classic Endowment Plan | Rs.7,000 | 15 years to 30 years |
Plan | Basic Sum Insured | Policy Term |
---|---|---|
Headstart Child Assure | Rs.20,000 | 10 years / 15 years to 25 years |
Plan | Basic Sum Insured | Policy Term |
---|---|---|
Lifetime Income Plan | Single Premium: Rs.50,000 | Any |
e-Lifetime Income Plan | Any | Any |
Premier Pension Plus | Rs.2 lacks | 10 years to 30 years for Regular Pay policies 15 years to 30 years for 10 Pay policies 17 years to 30 years for 12 Pay policies; 10 years and 15 years for Single Pay policies |
Plan | Basic Sum Insured | Policy Term |
---|---|---|
Group Secure One | Rs.5,000 | 1 year (renewable annually) |
Group Secure | Rs.5,000 | 2 years for Single Premium policies 5 years for Regular Premium policies |
Gratuity Plus Group Plan | Rs.1,000 | 1 year (renewable annually) |