Kotak Life bonus of Rs. 840 crore to policyholders

Kotak Mahindra Life Insurance announced a bonus of Rs 840 crore to more than 6.5 lakh participating policyholders for the last financial year ended Mar. 31, 2023.

Kotak Life’s bonus for fiscal 2023 is 24% higher than what was paid for FY22 and marks 22nd consecutive year of bonus payment to policyholders.

“We are pleased to announce an increased bonus for our valued customers. We have strengthened our customer engagement initiatives through enhanced digital capabilities and analytics and will continue to provide convenient and easy solutions for them,” said Mahesh Balasubramanian, Managing Director, Kotak Mahindra Life Insurance.