Mahesh Balasubramanian, managing director, Kotak Life
With a conservation ratio of 86.26%, Kotak Life demonstrates strong customer retention and long-term engagement
Mumbai: Kotak Mahindra Life Insurance Company Limited (Kotak Life) has achieved a landmark milestone, crossing Rs 1 lakh crore in Assets Under Management (AUM).
Commenting on the milestone, Mahesh Balasubramanian, managing director, Kotak Life, said: “Crossing Rs. 1lakh crore in AUM in our 25th year is more than a financial milestone—it is a reaffirmation of the trust our customers and partners place in us.
With a conservation ratio of 86.26%, Kotak Life demonstrates strong customer retention and long-term engagement. The company has protected over 5 crore lives, with an individual claim settlement ratio of 98.6%2 and group claims settlement ratio of 99.63%.
Since March 2010, Kotak Life’s AUM has grown at a CAGR of 19%, reflecting consistent fund performance and the confidence policyholders continue to place in the company.
Kotak Life’s growth has been powered by a diverse suite of offerings across Protection, Savings, Unit-linked and Annuity solutions.