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Kotak Life: Kotak Mahindra Bank Buys out Old Mutual from Insurance

by Anumeha Singh Insurance Specialist
As one of the well know financial, banking and insurance service provider of the country, Kotak Life Insurance has a huge customer base and offers wide range of financial services to the individuals. Kotak Mahindra Bank Ltd. has recently acquired the 26% stake owned by it’s by its joint venture partner Kotak Mahindra old mutual fund life insurance for Rs 1,292.7 crore. This buyout has proved to be very beneficial as with the purchase of stake of old mutual life, Kotak Life Insurance will become a 100% subsidiary of Kotak Mahindra Bank.

 Kotak Mahindra old Mutual Life Insurance offers wide range of insurance products to cater the requirements of the insurance seekers. Kotak Life Old Mutual is a global long term saving, protection and investment provider that manages the assets of the insurance owner. With a claim settlement ration of 89.9% the Kotak Life insurance provider has a record to resolve grievances up to 93.11%.

The products offered by Kotak Life Insurance are comprehensive plans that are designed to fulfill the requirements of the insurance seekers. There is wide range of insurance plans offered by the Kotak Life. For your knowledge, here we have discussed briefly the different plans offered by Kotak Mahindra Old Mutual Life Insurance.

Kotak Life Protection Plan- the plans offered under this section provides financial security to the family of the insured in case of uncertain demise of the policy holder. The Kotak Life protection plan not only supports the family financial at the time of eventuality but also ensured an emotional wellbeing of the family members by taking their liabilities. Here are some of the protection plans offered by Kotak Life Insurance :-

1. Kotak Saral Suraksha
2. Kotak Referred e Term Plan
3. Kotak Preferred Term Plan
4. Kotak Term Plan
5. Kotak Income Protection Plan

Kotak Life Saving and Investment Plan – Kotak Mahindra saving and investment plan offered by Kotak Life offer various opportunities through which the insured person can save money as well as multiply them over a period of time. Under this option the money is invested in a systematic manner to ensure that the insurance holder gets the maximum return on their investment and they can fulfil their future financial goals. The various plans offered by Kotak Mahindra Saving and Investment Plans are:-
1. Kotak Assured Income Accelerator
2. Kotak Gramin Bima Yojana 
3. Kotak Premier Money Back Plan
4. Kotak Classic Endowment Plan
5. Kotak Assured Saving Plan 
6. Kotak Assured Income Plan
7. Kotak Platinum 
8. Kotak Single Invest Advantage
9. Kotak Ace Investment
10. Kotak Wealth Insurance
11. Kotak Invest Maxima
12. Kotak Premier Endowment Plan
13. Kotak Single Invest Plus
14. Kotak Sampoorn Bima Micro Insurance Plan

Kotak Mahindra Child Plans – having a child insurance plan is the best way to safeguard your child’s future financially. The child insurance plan provides financial protection to child in case of uncertain demise of the insured i.e. the parent. Moreover, it also takes care of the future education expenses of the child and helps them to deal with the major milestones of life. The plan offered by Kotak Mahindra Child Plan is

1. Kotak Headstart Child Assure

Kotak Life Retirement Plan- This Plan offered by the Kotak Life is specifically designed to provide continues flow of income to the insurance holder as annuity once he/she retires from work. Kotak Life Retirement plans provide an opportunity to save money in a systematic way so that you can enjoy your golden days of retirement in a stress freeway. The plans offered under Kotak life retirement plan are:-
1. Kotak Lifetime Income Plan
2. Kotak e-Lifetime Income Plan
3. Kotak Premier Pension Plus

With all these benefits offered by Kotak Life Insurance, this is one stop solution for all the insurance needs of the insurance seekers.

About Anumeha Singh Innovator   Insurance Specialist

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Joined APSense since, May 3rd, 2016, From Gurgaon, India.

Created on Dec 7th 2017 05:02. Viewed 252 times.

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