kotak mahindra

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Presentation Transcript

Slide 1: 

OM Kotak Mahindra Life Insurance KOTAK LIFE INSURANCE

Slide 2: 

TOPICS TO BE COVERED OM Kotak Mahindra Life Insurance Overview Products And Services Offered By Them Marketing Strategies Of Different Products

Slide 3: 

OVERVIEW

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Kotak Mahindra Old Mutual Life Insurance is a joint venture of the Kotak Mahindra Bank Limited (KMBL) and Old Mutual. The Kotak Mahindra Old Mutual Life Insurance was established in 2001 and it is considered as one of the fastest growing insurance companies in India.

Slide 5: 

PERFORMANCE OF OM Kotak Mahindra Old Mutual Life Insurance

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This joint venture started off with initial net worth of Rs. 150 crore. KMBL currently owns a 26% stake with an option to increase this to 49% when applicable local legislation permits. Gross premiums for the Year 2009 was Rs.5047 Mn. Wide network of 79 branches in 51 cities, covered nearly 339700 policies on books representing a basic sum assured of Rs. 206 billion. It has 260 group policies covering 528100 lives with an aggregate sum assured of Rs. 150 billion.

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PRODUCTS

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INDIVIDUAL PLANS Kotak Smart Advantage Kotak Eternal Life Plans Kotak Platinum Advantage Plan Kotak Headstart Child Plans Kotak Sukhi Jeevan Plan Kotak Privileged Assurance Plan Kotak Term Plan Kotak Preferred Term Plan Kotak Money Back Plan Kotak Child Advantage Plan Kotak Endowment Plan Kotak Capital Multiplier Plan Kotak Retirement Income Plan

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Kotak Retirement Income Plan (Unit-linked)  Kotak Safe Investment Plan II Kotak Flexi Plan  Kotak Easy Growth Plan Kotak Premium Return Plan GROUP PLANS Employee Benefits Kotak Term Grouplan Kotak Credit-Term Grouplan Kotak Complete Cover Grouplan Kotak Gratuity Grouplan Kotak Superannuation Grouplan

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RURAL PLANS Kotak Gramin Bima Yojana

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OBJECTIVES OF LIFE INSURANCE Mobilization of savings in the form of pensions. Improving customer services. Increasing customer base and its spread. Developing corporate image. Spreading Life Insurance Message. Developing guiding policies and their implementation for better results. Distribution of Life Insurance Policies. Marketing Profit.

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MARKETING STRATEGIES OF PRODUCTS

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KOTAK CHILD ADVANTAGE PLAN

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The Kotak Child Advantage Plan is an investment plan designed to meet one’s child's future financial needs. It's a plan that gives the child "azaadi" to realize his dreams. The plan is a participating plan with a 15-day free look period. Age of the child required to attain the plan: Minimum 0 years. Maximum 17 years. Term:10- 30 years. Maximum sum assured allowed: 25,00,000

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KOTAK RETIREMENT INCOME PLAN

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The Kotak Retirement Income Plan is a savings plan designed to meet the post-retirement needs. It is a plan that gives "Jeene ki azaadi". It gives the choice to remain independent even after retirement. The Kotak Retirement Income Plan is a participating plan. The plan comes in two forms: (i) With Cover (ii) Without Cover. Age of the person required to attain the plan: Minimum 18 years. Maximum 60 years.

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Term 5-30 years. Age to receive annuity Minimum 45 years. Maximum 65 years. Intervals at which premium can be paid Quarterly, Half Yearly, Annually.

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MEDIA CENTRE

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OUTLOOK MONEY Rates Kotak Life Insurance Plans among best in the industry

Slide 20: 

Business Standard

OTHER ACHIEVEMENTS : 

OTHER ACHIEVEMENTS Kotak Life Insurance has outlined plans to concentrate on a richer penetration in Kerala for a larger part of the insurance market. Kotak Life Insurance ties up with Bhosale co-op bank.