Privacy Policy

You agree that we may use Customer Information for the purpose of statistical analysis and for creation of data ("Statistical Information"), which does not contain individual Customer Information. In addition to the information that Kotak Life Insurance elicits from you, you are free to volunteer any other information that you feel that Kotak Life Insurance needs to know, but the security and confidentiality as per this Policy is guaranteed only to the information that the Company directly asks from you.

This Policy holds true for a non-customer who has provided information to the Company, by any means, with the intentions of establishing a relationship, of whatsoever nature, with the Company. By divulging any information to us you agree to the terms and conditions of this Policy.

Use of Customer Information / Statistical Information

We may use the Customer Information for, among other things, customer verification, provision of products and services, for personalisation of products or services, marketing or promotion of our financial services or related products or that of our associates and affiliates; for creation of Statistical Information, statistical analysis or credit scoring, enforcement of your obligations, any other purpose that will help us in providing you with optimal and high quality services.

Security

We have taken reasonable measures to protect security and confidentiality of the Customer Information and its transmission through the World Wide Web. You are required to follow the Terms and Conditions while using this Website including the instructions stated therein in respect of security and confidentiality of your Log-in and Password.

The Company will give access to Customer Information to only authorised employees. Employees who violate this Privacy Policy shall be subject to disciplinary process as per the byelaws of the Company. Any employee who withdraws from the employment of the Company will have to undertake to abide by this Privacy Policy and keep all Customer Information secure and confidential.

Disclosure

• We shall not be held liable for disclosure of the Customer Information or statistical Information in accordance with this Privacy Commitment or in terms of any other agreements with you.
• We may disclose the Statistical Information to any person, without any limitation and you hereby give your irrevocable consent for the same.
• We may disclose Customer Information to any of our associates and affiliates, without any limitation and you hereby give your consent for the same.
• We may disclose the Customer Information, to third parties, without limitation, for the following reasons and you hereby give your irrevocable consent for the same:
  • To comply with legal requirements, legal process, legal or regulatory directive / instruction or
  • To enforce the Terms and Conditions of the products or services or
  • To protect or defend our rights, interests and property or that of our associates and affiliates, or that of our or our Affiliate's employees, consultants etc. or
  • For fraud prevention purposes or
  • As permitted or required by law.
• We may disclose the Customer Information to third parties for following, among other purposes, and will make reasonable efforts to bind them to obligation to keep the same secure and confidential and an obligation to use the information for the purpose for which the same is disclosed, and you hereby give your irrevocable consent for the same:
  • For participation in any telecommunication or electronic clearing network or
  • For credit rating by a credit rating agency or
  • For advertising or
  • For facilitating joint product promotion campaigns or
  • For lead generation
  • For availing of the support services from third parties e.g. collecting subscription fees, for the purpose of collection of premiums / outstanding dues on your policy, for providing information to our customers / prospective customers through SMS alerts / telecalling
  • For notifying or contacting you regarding any problem with, or the expiration of, any services availed by you
  • For risk sharing / risk transfer / risk reduction with our Reinsurance agencies / Companies (Both Indian and Foreign)