Kotak Old posts Rs 49crore H1 premium income

By Mumbai: | 12 Oct 2004

Mumbai: Kotak Mahindra Old Mutual Life Insurance Ltd announced a premium income of Rs49.55 crore for the first-half of fiscal year 2004-05. Kotak Life Insurance is aiming at a 140 per cent growth in its premium income to Rs300 crore for fiscal 2004-05 from Rs125 crore in fiscal 2003-04.

The company garnered a sum assured of Rs2,911.86 crore in the first half. It is targeting a sum assured of Rs6,000 crore in the current fiscal year. It had posted a sum assured of Rs3,584 crore in 2003-04.

Kotak Life Insurance is currently present in 31 cities with 7,000 life advisors and an employee strength of 1,000.

Shivaji Dam, managing director, Kotak Life Insurance, said: "We want to achieve our growth targets by continuing to develop products that are unbundled, transparent and offer value to customers through a segmented approach. We are also investing heavily in training life advisors since we want them to provide appropriate advices to the clients."

The company has established 38 training centres across the country.

The decoupling paradox: Why Wall Street keeps funding AI despite $100 oil

By Axel Miller | 11 May 2026

AI infrastructure stocks continue rallying despite $100 oil as investors bet on productivity gains and semiconductor demand in 2026.

Hybrid bonding gains attention as AI chip packaging demand grows

By Cygnus | 23 Apr 2026

Hybrid bonding is driving AI chip packaging demand as backend technologies gain importance in the semiconductor supply chain.

The agentic transition: how enterprises are scaling AI from pilot to profit

By Cygnus | 22 Apr 2026

AI has entered its execution era. Discover how companies like Valeo and Microsoft are scaling agentic AI systems—from copilots to autonomous workflows driving real business impact.

Post-splashdown: What Artemis II taught us about the ‘deep space wall’

By Axel Miller | 15 Apr 2026

Artemis II splashdown marks a breakthrough in deep space exploration. Discover AVATAR radiation data, Orion’s distance record, and insights shaping NASA’s 2028 Moon mission.

Can aviation go green? The multi-billion dollar race for sustainable fuel

By Cygnus | 10 Apr 2026

Airlines are racing to adopt sustainable aviation fuel, but limited supply and high costs challenge the future of green aviation.

The battery race: who will control the future of electric vehicles?

By Axel Miller | 08 Apr 2026

The global battery race is reshaping the electric vehicle industry, with China, the US, and Europe competing for control over supply chains and technology.

AI vs governments: Who controls the future of intelligence?

By Cygnus | 07 Apr 2026

Governments and AI companies like OpenAI and Anthropic are shaping the future of intelligence amid rising policy conflicts and global competition.

Strait of Hormuz: how one chokepoint controls the global economy

By Axel Miller | 06 Apr 2026

The Strait of Hormuz is a critical global chokepoint. Learn how disruptions impact oil prices, shipping, and the global economy.

The $2 trillion AI infrastructure race: Who will control global compute?

By Cygnus | 06 Apr 2026

AI spending is set to exceed $2 trillion in 2026, driving a global race in data centers, chips, and energy infrastructure.