Kotak Mahindra Life Insurance Company (Kotak Life) has announced a bonus of Rs 840 crore to more than 6.5 lakh eligible participating policyholders for FY 2023.

This is an increase of 24% over the bonus declared for FY 2022. Mahesh Balasubramanian, Managing Director, Kotak Mahindra Life Insurance Company said, “We are pleased to announce an increased bonus for our valued customers.”