Kotak Life to enhance business in Kerala, new branchesKotak Life Insurance will come up with two new branches in Kerala by the end of September 2007.
Apnainsurance.com Research Bureau
12 Sep 2007
Kotak Life Insurance is planning to open two more branches in Kerala by the end of September 2007. Currently, 10 per cent of its insurance business comes from this state. The company estimates a business of Rs. 100 crore from the State by the end of the financial year ending in March 2008. Its first year premium is expected to touch Rs. 1,000 crore during the current financial year (2008-09).
For its business from the corporate segment, the company has a team to focus on public-sector unit companies (PSUs) and IT companies for the group insurance business.
The company's direct marketing channels to reach out to more customers in the country.