Kotak Life Partners With Mahindra Finance To Offer Life Insurance To Customers
Partnership to offer Mahindra Finance customers a host of Kotak Life insurance products and to benefit 10 million Mahindra Finance customers pan India
Kotak Mahindra Life Insurance Company has today unveiled its corporate agency partnership with Mahindra & Mahindra Financial Services.
The partnership will benefit over 10 million customers of Mahindra Finance by offering a wide range of tailor-made life insurance solutions provided by Kotak Life.
The agreement between the two companies was signed by Mahesh Balasubramanian, MD, Kotak Mahindra Life Insurance Company and Raul Rebello, Managing Director & CEO, Mahindra Finance.
Mahesh Balasubramanian, Managing Director (MD), Kotak Mahindra Life Insurance Company said, “We are committed to the vision of 'Insurance for All,' as outlined by the Irdai. Through our collaboration with Mahindra Finance, our aim is to extend our outreach to the untapped segments of the population.”
These offerings will be provided by Mahindra Finance through its extensive network of more than 1400 branches spread across all states and UTs over a period of time.
Raul Rebello, Managing Director and chief executive officer (CEO), Mahindra Finance mentioned, “We are delighted to enter into this strategic collaboration with Kotak Life to offer life insurance solutions to our customers. Our aim is to help facilitate sustainable growth while delivering on our commitment towards being a responsible financial solution partner to Emerging India”.
