Kotak Old posts Rs 49crore H1 premium income
12 October 2004
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."