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Kotak Mahindra Old Mutual Life Insurance is a joint
venture of the Kotak Mahindra Bank Limited (KMBL)
and Old Mutual. The Kotak Mahindra Old Mutual
Life Insurance was established in 2001 and it is
considered as one of the fastest growing insurance
companies in India.
   

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1. This joint venture started off with initial net worth of
Rs. 150 crore. KMBL currently owns a 26% stake
with an option to increase this to 49% when
applicable local legislation permits.
2. Gross premiums for the Year 2009 was Rs.5047 Mn.
3. Wide network of 79 branches in 51 cities, covered
nearly 339700 policies on books representing a
basic sum assured of Rs. 206 billion.
4. It has 260 group policies covering 528100 lives with
an aggregate sum assured of Rs. 150 billion.

 
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VKotak Smart Advantage


VKotak Eternal Life Plans
VKotak Platinum Advantage Plan
VKotak Headstart Child Plans
VKotak Sukhi Jeevan Plan
VKotak Privileged Assurance Plan
VKotak Term Plan
VKotak Preferred Term Plan
VKotak Money Back Plan
VKotak Child Advantage Plan
VKotak Endowment Plan
VKotak Capital Multiplier Plan
VKotak Retirement Income Plan
VKotak Retirement Income Plan (Unit-linked)
VKotak Safe Investment Plan II
VKotak Flexi Plan
VKotak Easy Growth Plan
VKotak Premium Return Plan

   
VEmployee Benefits
VKotak Term Grouplan
VKotak Credit-Term Grouplan
VKotak Complete Cover Grouplan
VKotak Gratuity Grouplan
VKotak Superannuation Grouplan
  

VKotak Gramin Bima Yojana


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§Mobilization of savings in the form of pensions.


§Improving customer services.
§Increasing customer base and its spread.
§Developing corporate image.
§Spreading Life Insurance Message.
§Developing guiding policies and their implementation
for better results.
§Distribution of Life Insurance Policies.
§Marketing Profit.
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" 
The Kotak Child Advantage Plan is an investment
plan designed to meet one¶s child's future financial
needs. It's a plan that gives the child "azaadi" to
realize his dreams. The plan is a participating plan
with a 15-day free look period.

VAge of the child required to attain the plan:


Minimum 0 years.
Maximum 17 years.

VTerm:10- 30 years.

VMaximum sum assured allowed: 25,00,000


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V The Kotak Retirement Income Plan is a savings
plan designed to meet the post-retirement needs.
It is a plan that gives "Jeene ki azaadi". It gives
the choice to remain independent even after
retirement. The Kotak Retirement Income Plan is
a participating plan.
V The plan comes in two forms:
(i) With Cover (ii) Without Cover.

V Age of the person required to attain the plan:


Minimum 18 years.
Maximum 60 years.
VTerm
5-30 years.

VAge to receive annuity


Minimum 45 years.
Maximum 65 years.

VIntervals at which premium can be paid


Quarterly, Half Yearly, Annually.

 

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