Kotak Mahindra Old Mutual Life Insurance is a 74:26 joint venture between Kotak Mahindra Bank Ltd. and Old Mutual plc. It is a company that combines its international strengths and local advantages to offer its customers a wide range of innovative life insurance products, helping them in taking important financial decisions at every stage in life and stay financially independent.
Kotak Mahindra Bank Ltd.
The Kotak Mahindra Group is one of India’s leading financial institutions, offering complete financial solutions that encompass every sphere of life. Their products spans from commercial banking, to stock broking, to mutual funds, to life insurance, to investment banking – diverse needs of individuals and corporates are catered to.
The Kotak Mahindra Group got incepted in 1985 in the form of Kotak Capital Management Finance Limited, being promoted by Uday Kotak, Sidney A. A. Pinto and Kotak & Company. A stake in the group was taken in by industrialists Harish Mahindra and Anand Mahindra and this is the time when the company changed its name to Kotak Mahindra Finance Limited. Old Mutual plc Old Mutual plc is an international financial services group based in London with expanding operations in life assurance, asset management, banking and general insurance. Old Mutual is listed on the London Stock Exchange and also on the South African, Namibian, Malawi and Zimbabwe stock exchanges, with assets under management worth $ 400 Billion as on 30th June, 2006. For customers, this joint venture translates into a company that combines international expertise with the understanding of the local market.