Insurance of m&m

8/8/2019 Insurance of m&m

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1985

- The company was incorporated on 21st November 1985 under the name

Kotak Capital Management Finance Ltd. The Company has been promoted

by

Mr Uday S Kotak, Mr S.A.A Pinto and Kotak & Company. The company

obtained the certificate of commencement of business on 11th

February1986 and the Existing promoters were joined by Mr Harish Mahindra

and

Mr Anand Mahindra. The company's name was changed on 8th April 1986

to

its present name Kotak Mahindra Finance Ltd.

- The Company deals in Bill discounting, leasing and hire purchase,

corporate finance, management of fixed deposit mobilisation,

financing

against securities, money market operations, consumer finance,

investment banking and clients' money management .

2003

-Madison Communications has won the Rs.30cr Kotak Mahindra's media

AOR account.

-The proposal of changing the name from 'Kotak Mahindra Finance Ltd'

to 'Kotak

Mahindra Bank Ltd' and the proposal to change the Authorised capital

from 100,00,00,000

divided into 10,00,00,000 equity shares of Rs.10 each has been

approved by the

company shareholders.

-RBI has granted licence to Kotak Mahindra Finance Ltd to embark on

its

banking business.

Kotak Mahindra Bank has entered into a n ATM sharing agreement with

UTI Bank,

which would allow KMB's customer free access to around 800 ATM's.

--Kotak Mahindra Bank launches online remittance services called,

FUNDStoHOME

for Non-resident Indians.

-In reponse to the repo rate cut by t heRBI, the Kotak Mahindra Bank

has reduced its

lending rates in home loans.

2006

-Kotak Mahindra joins hand HDFC Bank to share ATMs.

2007

-Kotak Mahindra Bank Launches Home Banking, Improves Banking

Experience

-Kotak Mahindra Bank Launches Salary 2 Wealth



-Kotak Mahindra Bank Launches Kotak Gold Debit Card

2008

- Kotak Mahindra Bank launched credit cards for its customers.

2009

-Kotak entered into tie up with Russia's top investment bank

-Kotak Mahindra Bank Wi ns IT Team of the Year for 3rd

Consecutive Time at the Banking Technology Awards 2008

About Om Kotak Mahindra Insurance Company

Kotak Mahindra Old Mutual Life Insurance Limited or Om Kotak Mahindra Insurance Company Limited is a joint venturebetween Kotak Mahindra Bank Ltd., its affiliates and Old Mutual. With Kotak Mahindra Bank providing the local advantages

while Old Mutual providing the international strengths, Kotak Mahindra Old Mutual Life Insurance Ltd. has made itself aprominent player in the field of life insurance in India. It offers an extensive range of innovative life insurance products to itscustomers and helps them take crucial financial decisions at every phase in life. It also helps the customer become financial ly

independent. Kotak Mahindra Old Mutual Life Insurance Limited is one of the rapidly growing insurance companies in India withover 197 branches across 141 cities.

Kotak Mahindra Group

The Kotak Mahindra Group, one of the partners of Kotak Mahindra Old Mutual Life Insurance Limited, is a leading banking andfinancial service providers in India. Its range of services includes personal financial services, life insurance, corporate andinvestment banking, commercial banking, asset management, and stock broking etc. It serves about 5.9 million customersacross the nation through its more than 1,300 offices. It also has its overseas offices in New York, San Francisco, London,

Dubai, Singapore and Mauritius.

Old Mutual

Old Mutual is an UK based international savings and wealth management company. Established in 1845 in South Africa, OldMutual is considered one of the top 100 largest companies in FTSE100. It offers services in General Insurance, Banking, life Assurance and Asset Management in more than 40 countries. Currently, Old Mutual has around 54,000 employees globally.

Offerings

Om Kotak Mahindra Insurance Company offers a range of products and services for every sort of customers.

For Individuals

Kotak Life Insurance offers following services for the individuals:

y Protection Plans

o Kotak Loan Protection Plan

o Kotak Term / Preferred Term Plan

o Kotak Eternal Life Plans

y Savings & Investments

Kotak Single Invest

o Kotak Platinum Advantage Plus

o Kotak Smart Advantage

o Kotak Safe Investment Plan

o Kotak Flexi Plan

o Kotak Easy Growth Plan

o Kotak Capital Multiplier Plan

o Kotak Money Back Plan

o Kotak Endowment Plan

o Kotak Premium Return Plan



o Kotak Gramin Bima Yojana

o Kotak Surakshit Jeevan

y Retirement Plans

o Kotak Second Innings Plan

o Kotak Secure Retirement Plan

o Kotak Retirement Income (Unit Linked)

o Kotak Long Life Secure Plus

o Kotak Long Life Wealth Plus

o Kotak Retirement Income Plany

y Child

o Kotak Headstart Child Plans

o Kotak Child Advantage Plan

For Groups

For groups, Kotak Insurance has the following to offer: y Kotak Group Shield y Kotak Group Assure

y Kotak Term Grouplan

y Kotak Gratuity Grouplan

y Kotak Superannuation Grouplan

y Kotak Credit-Term Grouplan

y Kotak Complete Cover Grouplan

NRI Center

Kotak Insurance offers a range of products that suit the requirements of the NRIs. Following products are offered for the NRIs:

y For Wealth Creation - Unit linked plans o Kotak Smart Advantage Plan


o Kotak Flexi Plan

o Kotak Easy Growth Plan

y For Wealth Creation - Unitized plans

o Kotak Capital Multiplier Plano Kotak Child Advantage Plan

o Kotak Endowment Plan

o Kotak Money Back Plan

y For Protection

o Kotak Eternal Life Plans

o Kotak Preferred Term Plan

o Kotak Premium Return Plan

y For Retirement

o Kotak Long Life Secure Plus

o Kotak Long Life Wealth Plus

o Kotak Capital Multiplier Plan

o Kotak Retirement Income Plan

Kotak Mahindra Insurance Company or Om Kotak Mahindra Life Insurance is a 74:26 joint venture between Kotak Mahindra

Bank Limited India and Old Mutual PLC- a leading global financial services provider.

Kotak Mahindra Insurance Services

The net result we have is Kotak Mahindra Insurance Services with various products customized for the insurance seekers.

These include:

o Kotak Endowment Plan o Kotak Money Back Plan

o Kotak Term Assurance Plan

o Kotak Term Grouplan



o Kotak Preferred Term Plan

o Kotak Credit-Term Plan

o Kotak C

ild Advantage Plan

o Kotak Gramin Bima Yojana

o Kotak Retirement Income Plan

o Kotak Capital M ¡ ltiplier Plan

o Kotak Gratuity Grouplan


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.o Market research findings on the corporate brand have shown that while the

company ranked very high in

KotakMahindra Bank

Type Private

BSE: 500247 & NSE: KOTAKBANK

Industry Banking

Founded 1985 (as Kotak Mahindra Finance Ltd)

Headquarters Kotak Mahindra Bank Ltd.,

Nariman Bhawan,

Nariman Point,

Mumbai, India

K ey people Mr. K.M. Gherda, Mr. Uday Kotak , Dr. Shankar

Acharya

Products Deposit accounts, Loans, Investment services,

Business banking solutions, Treasury and fixed

income products etc.

Revenue 9,985.89 crore (US$2.21 billion)(2010)[1]



Net income 1,327.36 crore (US$293.35 million)(2010)

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In recent times the company is engaged in spreading its reach beyond its traditional markets. They

entered into thetwo-wheeler segment by taking over the Kinetic Motors in India.[4]

M&M also has

controlling stake in REVA Electric Car Company.[5]

M&M has also been selected as the preferred

bidder for the acquisition of South Koreaf sSsangYong Motor Company.

[6]

This M&M is more rugged than the candy-coated confection that goes by the same name. Mahindra & Mahindra

(M&M) is best known for utility vehicles and tractors in India, but the company is also active in both IT and

financial services, steel processing, and infrastructure. Its automotive division, the company's oldest unit

(founded in 1954), makes jeeps and three-wheelers (not passenger "auto rickshaws," but utilitarian delivery

and flatbed incarnations). M&M's farm equipment sector, formed in 1963 during India's green revolution,

manufactures tractors and industrial engines. M&M also produces military vehicles. The company has facilities

located throughout India.

Competitors: Bajaj Auto

Maruti Suzuki

Tata Motors

Documents

Insurance of m&m