Consider Kotak Life Insurance if you have ties to India
In the year 2000 the life insurance market in India was de-nationalised to allow financial instititions other than the government ran Life insurance corporation of India. This has made life insurance the fastest growing insurance sector in India with new companies forming all the time. The Indian government has made an attempt to preserve its own institutions by limiting the amount of investment from non Indian insurance companies, this was done by restricting these none native investors to owning upto 26% in the Indian company they had chosen to invest in.
One example of an Indian bank benefiting from such investment was Kotak Mahindra Bank LTD which formed their life insurance subsibiary in 2001, this subsidiary is called Kotak Mahindra Old Mutual Life Insurance due to the outside investment from Old Mutual. As a result of this merger Kotak Mahindra Bank has been able to develop and is regarded as one of India’s most important financial institutions, this is due to its ability to offer a great range of services including stock broking, comercial banking, investment banking and of course their own life insurance.
The strength of the Kotak institition makes it a perfect company to consider purchasing life insurance from especially if you are based in India, this is due to the number of Kotak life insurance branches that are spread throughout India with 197 branches on offer in most major towns and cities. Add to this the fact that Kotak life insurance is fully available online meaning purchasing a policy is just as easy as organising other types of insurance such as home insurance or short term car insurance under 21 years of age.
The future looks bright for Kotak life insurance, this is mainly due to their ongoing ability to develop their business coupled to the growing demand for life insurance in India.
This entry was posted on Sunday, July 31st, 2011 at 2:55 pm. It is filed under Insurance, Uncategorized.
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