Kotak Life Teams Up With ESAF Small Finance Bank For Customer Life Insurance

Kotak Mahindra Life Insurance Company (Kotak Life) on Tuesday said that its corporate agency tie–up with ESAF Small Finance Bank (ESAF Bank) to offer life insurance to customers.

"The tie-up plans to benefit 68 lakh customers of ESAF Bank that will offer a wide range of tailor-made life insurance products and solutions provided by Kotak Life, including protection, savings, investment and retirement through ESAF Bank’s 700 banking outlets spread across 21 States and 2 Union Territories," said the company in a statement.

Kadambelil Paul Thomas, Managing Director and Chief Executive Officer, ESAF Small Finance Bank said, “The strategic collaboration with Kotak Life signifies our commitment to drive the best interests of our customers and enhance our capabilities in delivering comprehensive financial solutions to our people.”

Mahesh Balasubramanian, Managing Director, Kotak Mahindra Life Insurance Company said, “The collaboration aligns with the shared vision of both Kotak Life and ESAF Bank to cater to the underbanked and unbanked segments of the population. By leveraging ESAF Bank's customer reach and our expertise in life insurance, we can now offer life insurance solutions and provide financial security to ESAF’s customers.”