March 05, 2015 12:14 PM ET

Insurance

Company Overview of Kotak Mahindra Old Mutual Life Insurance Ltd.

Company Overview

Kotak Mahindra Old Mutual Life Insurance Limited provides life insurance and annuity products in India. The company conducts its operations through Life Participating, Pension Participating, Life Non Participating, Life Non Participating Variable, Pension Non-Participating Variable, General Annuity, Unit Linked Life, and Unit Linked Pension segments. It offers protection, savings and investment, child, and retirement plans; and group plans. The company was incorporated in 2000 and is based in Mumbai, India. Kotak Mahindra Old Mutual Life Insurance Limited is a subsidiary of Kotak Mahindra Bank Limited.

Vinay Bhavya Complex

4th Floor

159 A, CST Road

Kalina, Santa Cruz (East)

Mumbai,  400098

India

Founded in 2000

Phone:

91 22 6599 3626

Fax:

91 22 6672 6254

Key Executives for Kotak Mahindra Old Mutual Life Insurance Ltd.

Managing Director, Executive Director, Member of Investment Committee, Member of Risk Management Committee, Member of Asset Liability Management Committee, Member of Policy Holders Protection Committee and Member of With Profits Committee
Chief Financial Officer
Head of Operations
Executive Vice President and Investment Advisor
Executive Vice President and Head of Tied Channel
Compensation as of Fiscal Year 2014.

Kotak Mahindra Old Mutual Life Insurance Ltd. Key Developments

Kotak Mahindra Old Mutual Life Insurance Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Kotak Mahindra Old Mutual Life Insurance Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported profit after tax of INR 510 million against INR 600 million for the same period a year ago. For the nine months, the company reported profit after tax of INR 1,530 million against INR 1,740 million for the same period a year ago.

Kotak Mahindra Old Mutual Life Insurance Ltd. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Kotak Mahindra Old Mutual Life Insurance Ltd. reported unaudited earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company's PAT was INR 520 million compared to INR 440 million a year ago. For the six months the company's PAT was INR 1,010 million compared to INR 1,150 million a year ago.

Kotak Mahindra Old Mutual Life Insurance Limited Launches Kotak Assured Income Accelerator

Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) has announced the launch of Kotak Assured Income Accelerator. The firm said that the plan covers cost of living by paying an increasing annual guaranteed income during the payout phase. Annual payout of the guaranteed income commences after the premium payment term is over. The minimum annual premium is INR 15,000. Premiums paid are also eligible for tax rebate under section 80C of the Income Tax Act.

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