The Hindu Business Line : Kotak Life insurance raises bonus

KOTAK Mahindra Old Mutual Life Insurance has declared a bonus for its participatory contracts to the tune of 6.75 per cent for the year ended March 2005.

This is an increase over the previous year's figure of 6.5 per cent.

According to a release, Mr Gaurang Shah, Managing Director, said: "The increase in our bonus rate is a sign of our commitment to consumers. We believe that our consumers have made the right choice in choosing our products and we must offer them attractive and benchmarked returns."

Kotak Life Insurance is currently present in 31 cities with 7,600 life advisors.

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