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Kotak Mahindra Old Mutual Life Insurance Ltd is a joint venture between India’s one of the leading banks - Kotak Mahindra Bank Ltd., its affiliates, and South Africa-based international investment group, Old Mutual. The India’s leading bank holds the lion’s share 74 per cent, while Old Mutual owns the remaining 26 per cent stake in the JV affiliates, and South Africa-based international long-term savings, protection and investment group, Old Mutual.
Kotak Mahindra Old Mutual Life Insurance is one of the rapidly growing insurance companies in India with over 4 million policyholders across the country. Headquartered in Mumbai, Kotak Mahindra Old Mutual Life Insurance Limited founded in 2001. It caters to different insurance needs - protection plans, savings and investment plans, child plans and retirement plans.
Friday, Jun 30, 2017 10:00 AM
The Insurance Regulatory Authority of India (IRDA) has identified six insurance firms that can take over the business of Sahara India Life Insurance Co. Ltd
Saturday, Apr 29, 2017 10:00 AM
Private sector lender Kotak Mahindra Bank on Friday said that it is buying out the entire 26% stake of Old Mutual in its life insurance arm for Rs 1,292.7 crore.
Tuesday, Aug 16, 2016 10:00 AM
New business premiums of life insurance companies saw a four% rise to Rs. 13,854.44 crore in July 2016 as against Rs. 13,319.97 crore premium collected in the corresponding period last year. State-run Life Insurance Corporation's (LIC) new business premium was the highest at Rs. 10,737.92 crore, up 3% from Rs. 10,421 crore in July 2015, data collected by the Insurance Regulatory and Development Authority showed.