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Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.
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Kotak Life Insurance is one of the fastest growing insurance companies in India, covering over 20 million lives nationwide (as on 31 st March 2018).Back
To become India's best life insurance company
To bring assurance to people's lives
To add value to the lives of people through financial instruments of protection and long term savings
We are driven by our strong values that have held us together over the years:
Recognized as having the highest professional standards. Our employees and advisors will possess superior knowledge & skill, for the benefit of our customers.
We create an environment that encourages all employees to innovate, experiment and try out new things without fear of failure.
We relentlessly strive for improvement. Every achievement becomes a milestone for the next level of performance.
Customers depend on us to be there in the future to meet promises. We will achieve by efficient cost management, uncompromised claim payments & superior investment management.
Satisfy our customers. By providing quality products, services, advice sustainable value, and ensure our customers receive excellent solutions to meet their needs.
Employees will determine our future success. We will treat people with dignity. We will invest in the development of our human resources and reward superior performance.
Our dealings are characterized by the highest levels of trust, honesty and fairness.
Our experienced leaders form a strong foundation that steers our company to be the leader in the industry.
Non Executive Director
Non Executive Director
Non Executive Director
Mr. Uday Kotak is the Executive Vice-Chairman and Managing Director of the Bank and its principal founder and promoter. Under Mr. Kotak’s leadership, over the past 29 years, Kotak Mahindra group established a prominent presence in every area of financial services from stock broking, investment banking, car finance, life insurance and mutual funds. Mr. Kotak is the recipient of several prestigious awards. He is a member of the Government of India’s high level committee on Financing Infrastructure, the Primary Market Advisory Committee of SEBI, Member of the Board of Governors of Indian Council for Research on International Economic Relations, National Institute of Securities Markets and National Council of CII. Mr. Kotak received the Ernst & Young World Entrepreneur of the Year India Award 2014.Close
Mr. Shivaji Dam has a strong accounting and cost accounting back ground with over 30 years’ experience of which 21 years have been with the Kotak Group. He has experience in fields such as Corporate Finance, Proprietary Investments, Investment Banking and operating management within the Kotak Group. He is one of the founding Directors of the Company. He led the Kotak group into the life insurance business and was Managing Director of the Company for four years. Mr. Dam is presently involved in philanthropic activities around education and livelihood for children /youth from under privileged families.Close
Mr. Prakash Apte, has been the Managing Director of Syngenta India for a decade & is currently its Non-Executive Chairman. Syngenta India Limited is one of the leading agri business companies in India & Syngenta Group is one of the largest investor in agriculture research and a leading agri business across the world. Mr. Apte, in a career spanning over 35 years, has considerable experience in various areas of management and business leadership. In the first phase of his career, Mr. Apte worked in Larsen & Toubro, Uhde India and in Ciba Geigy in various positions of responsibility in the project management and technical operations. While in Ciba and later on in the merged entity Novartis, Mr. Apte assumed the role as a business head. When Syngenta was formed resulting from merger/demerger of Agri businesses belonging to Astra Zeneca and Novartis, Mr. Apte took over the responsibility as Managing Director & Country President for Syngenta in India. During more than 17 years of very successful leadership of Syngenta business in India, Mr. Apte has gained varied knowledge in various aspects of business such as vision & strategy development, business integration & transformation, operation excellence etc. and he has been involved with many initiatives for organizational capability up gradation, coaching & people development. Mr. Apte was instrumental in setting up the Syngenta Foundation India which focuses on providing knowledge and support for adopting scientific growing systems to recourse poor farmers and enabling their access to market.Close
Mr. Paresh S. Parasnis is the Head of Piramal Foundation, one of India’s leading foundations committed to addressing social issues through high impact solutions, thought leadership and partnerships. At Piramal Foundation, Mr. Paresh is responsible for the Piramal Group’s CSR activities implemented through its initiatives including Piramal Swasthya, Piramal Foundation for Education Leadership, Sarvajal and Piramal Udgam. Mr. Paresh joined Piramal Foundation in August 2012. He is also active on the board of trustees of Shoshit Seva Sangh (providing education to under privileged children in Bihar) and Collective Good Foundation, Bangalore (formerly Nadathur Trust) (aiming to bring various stakeholders of social sector on one platform and contribute to the overall development of the social sector). Prior to joining the Foundation, he served as Executive Director & COO with HDFC Standard Life Insurance Limited. During his tenure with HDFC Standard Life (2000-2012) he was a Member of various Board Committees and Chair / Member of Management Committees. He worked in various capacities with HDFC Limited (1984-2000) & with Hindustan Lever Limited for two years (1982-84). He has also been a consultant to the World Bank and the Asian Development Bank. He has rich experience of over 30 years with major strengths in strategy, project management, time bound execution and building robust & customer friendly servicing models.Close
Ms. Anita Ramachandran is a well known HR expert in the country and has over 35 years experience as a management consultant. She is also one of the first generation of women professionals to become an entrepreneur and run a highly successful HR consulting and services organization. Ms. Anita began her career in the Management Consultancy division of AF Ferguson & Co. in Mumbai in 1976 as the first woman consultant in the firm. Ms. Anita founded Cerebrus Consultants in 1995 to focus on HR consulting including Organisation transformation. Her reputation and innovative work helped her build Cerebrus into a national presence in 5 years. Cerebrus has offices in 5 major cities and has worked with over 500 companies in South Asia. She is known as an authority in Reward management in the country and her work in the compensation and rewards areas is well organized. She also supports many organizations in social sectors through pro bono professional work and remains deeply committed to work with women. She has been the Chairperson of TIE Women and on Executive committee of TIE Mumbai and earlier on the Advertising Standards Council of India.Close
Mr. Dipak Gupta is a Non- Executive Director of the Company and has over 30 years of experience in the financial services sector, 24 years of which have been with the Kotak Group. He is the Joint Managing Director of the Kotak Mahindra Bank. He is responsible for Group HR, Adminstration, Infrastructure, Operations and IT. He is also responsible for Asset Reconstruction business of the Bank. Mr. Dipak Gupta was responsible for leading the Kotak Group’s initiatives into the banking arena. Prior to joining the Kotak Group, he was with A. F. Ferguson & Company for approximately six years.Close
Mr. Gaurang Shah heads the Asset Management, Insurance ( Life and General) and International business of the Kotak Mahindra Group. He took over this assignment on May 1, 2010. In his immediate prior assignment, Mr. Shah was the Managing Director of Kotak Mahindra Old Mutual Life Insurance Limited. Under his stewardship, the Company booked profits for the first time ever in 2009, joining ranks of the select first private Indian life insurers , thereby opening a new chapter in the annals of private life insurance business in India. Mr. Shah has over three decades of rich and varied experience in the Financial Services sector, several of which are with the Kotak Mahindra Group. He has played a stellar role in building the Group’s Consumer Banking business and Life insurance business. He has held several positions of high responsibility over the years, including, inter alia, the Head of Retail Assets at Kotak Mahindra Bank Limited. He was also closely associated with Kotak Mahindra Primus (a joint venture between Kotak Mahindra Group and Ford Credit International), among India’s leading automobile finance companies.Close
G Murlidhar, Managing Director, Kotak Mahindra Life Insurance Company Ltd, is one of the founding members of Kotak Life Insurance. Prior to this, he has held several leadership positions in the organization. Over the past decade, Murli has played an instrumental role in establishing a strong operational and service backbone, dovetailing into a highly efficient distribution network for Kotak Life Insurance. In last few years, Murli went on to implement The 4 Disciplines of Execution (4DX), which represent a new way of thinking and working at KLI. Implementing the 4DX has facilitated in building a culture that is contributing to the company’s growth in today's competitive environment. Murli has more than three decades of experience across finance, commercial, projects, marketing, HR, IT, and consumer distribution. He has also handled public issues and open offers across sectors such as BFSI, services and manufacturing. Murli is a Chartered Accountant, ICWA and Company Secretary.Close
Group Head – HR
Senior Executive Vice President & Chief Distribution Officer
Chief Investment Officer
Appointed Actuary & Chief Risk Officer
Senior Executive Vice President & Chief Financial Officer
Senior Executive Vice President & Head - Operations, Customer Service, Admin, Underwriting & Claims
Senior Executive Vice President & Head - FIG and Marketing
Senior Executive Vice President and Head, Information Technology
G Murlidhar, Managing Director, Kotak Mahindra Life Insurance Company Limited, is one of the founding members of Kotak Life Insurance. Prior to this, he has held several leadership positions in the organization. Over the past decade, Murli has played an instrumental role in establishing a strong operational and service backbone, dovetailing into a highly efficient distribution network for Kotak Life Insurance. In last few years, Murli went on to implement The 4 Disciplines of Execution (4DX), which represent a new way of thinking and working at KLI. Implementing the 4DX has facilitated in building a culture that is contributing to the company’s growth in today's competitive environment. Murli has more than three decades of experience across finance, commercial, projects, marketing, HR, IT, and consumer distribution. He has also handled public issues and open offers across sectors such as BFSI, services and manufacturing. Murli is a Chartered Accountant, ICWA and Company Secretary.Close
J M Prasad is the Group Head – HR for Insurance overseeing the Life and General Insurance group companies. He has more than 28 years of experience in driving various HR Initiatives in Talent Acquisition, Employee Engagement, HR Strategy Alignment, and Change Management in Employee Branding & Communication in diverse industries. His experience spans over 17 years into several IT companies and 11 years with Banking Sector (ING Vysya Bank Ltd). J M is a Post-Graduate in Personnel Management & Industrial Relations from Xavier School of Management, Jamshedpur. He has also completed his Post-Graduation in Mass Communications from Xavier Institute of Communications, Mumbai.Close
Mr. Suresh Agarwal is the Executive Vice President and Head of Distribution & Strategic Initiatives at Kotak Life Insurance.He is in charge of the company's individual and alternate distribution channels. Strengthening and deepening these channels to ensure seamless partner experience and customer delight is his key priority. Mr. Agarwal has played a vital role in establishing the alternate channel for Kotak Life Insurance. He is also responsible for the many strategic initiatives undertaken by the company to strengthen customer engagement and enhance process, distribution and operations efficiencies. Mr. Agarwal has close to 18 years of work experience, all of which has been with the Kotak Mahindra Group. He has been with the Life Insurance business for close to a decade. Prior to joining Kotak Life Insurance, he was part of the Corporate Finance division at Kotak Mahindra Finance Ltd. Mr. Agarwal is a qualified Chartered Accountant, Company Secretary, and Cost and Works Accountant.Close
Mr. Sudhakar Shanbhag is the Chief Investment Officer at Kotak Mahindra Life Insurance Company Limited. In this capacity, he is responsible for managing the company's investments within the overall framework laid down by the investment committee and the IRDAI, and developing and managing investment structures, processes and practices to enable customers reap benefits in accordance with their investment objectives and risk appetite. Mr. Shanbhag has been part of the Kotak Mahindra Group in varying capacities for close to a decade and half. Prior to Kotak Life Insurance, Mr Shanbhag was part of the Treasury team at Kotak Mahindra Bank. He has also been an integral part of the Kotak Prime team for 11 years, serving first as a Chief Financial Officer and then taking over as Chief Operating Officer. Mr. Shanbhag, a widely quoted knowledge leader in the investment domain, has close to two decades of work experience. Mr. Shanbhag is a qualified Chartered Accountant.Close
As the Appointed Actuary at Kotak Mahindra Life Insurance Company Limited, Sunil Sharma is responsible for ensuring the solvency of KLI at all times. He also advises the management on risk management, business mix, product features, pricing and reinsurance. Sunil has more than 21 years of experience in the Insurance sector. He has worked in Life Insurance and Reinsurance practice areas in India, USA, UK and South East Asia with companies such as Swiss Re, GE Financial Assurance besides leading Indian life insurers. Sunil is a qualified Actuary and a Fellow of Institute of Actuaries, UK (FIA) and Institute of Actuaries of India (FIAI) He is Chairperson of Advisory group on Communication of Institute of Actuaries of India (IAI) and member of Advisory Group on Peer, Stakeholder & International Relations of IAI. He is also the editor of the Actuary India Magazine.Close
In his capacity as the Senior Vice President and Chief Financial Officer (CFO) of Kotak Mahindra Life Insurance Company Limited., Mr. Cedric Fernandes is responsible for financial planning and overseeing matters related to financial management at the firm including compliance and financial control. Mr. Fernandes has over two decades years of work experience, most of which has been with the Kotak Mahindra Group. He joined Kotak Mahindra Old Mutual Life Insurance in 2001. In his immediate prior assignment, he was the head of finance and accounts functions at the company, where he played a vital role in establishing processes and systems conforming to global best practices.Prior to joining Kotak Life Insurance, Mr. Fernandes headed the process and audit control functions at Kotak Mahindra Finance Ltd. He started his career at Coopers and Lybrand, among the global leaders in audit and assurance at its time.Mr. Fernandes is a qualified Chartered Accountant and Cost and Works Accountant. He is also a Fellow of the Insurance Institute of India (FIII).Close
Mr. Hitesh Veera is the Senior Executive Vice President and Head - Operations, Customer Service, Admin, Underwriting & Claims at Kotak Life Insurance. In this capacity, Mr. Veera is responsible for ensuring high operational efficiencies besides seamless customer experience at all interface points, leading to stakeholder delight. He has played a seminal role in ramping up the Operations function to its present scale and form, and is credited with establishing and managing a highly efficient operations backbone. He is also in charge of the claims and underwriting function Mr. Veera has over 20 years of work experience, all of which has been with the Kotak Mahindra Group. He has been with the Life Insurance business since 2007. In his immediate prior assignment, Mr. Veera was the business head for Alternate Business at Kotak Mahindra Prime Ltd. (KMPL), a function he helped set up. He also served as the Head of Operations for the Car Finance Business for KMPL and Ford Credit India, a JV between the Ford and Kotak Mahindra groups, where under his stewardship, the function was awarded the highest rating by the foremost auditing body within Ford - the General Auditor's Office (GAO) which directly reports to the President of Ford worldwide. He is a qualified Chartered Accountant, Cost and Works Accountant and Company Secretary.Close
Mr. Subhasis Ghosh is a Commerce (Honours) graduate from Calcutta University. He has over 23 years of experience in financial services and has handled diverse portfolios covering areas like retail assets and liabilities, employer-employee group insurance, corporate finance, corporate treasury and life insurance. Subhasis has been with Kotak Group for over 19 years. He is a part of the founding team that moved from the erstwhile Kotak Mahindra Finance Ltd to set up Kotak Mahindra Old Mutual Life Insurance in 2001 where he has handled Tied, Alternate and Group business. At present, Subhasis heads the Financial Institutions Group and the Marketing function in KLI.Close
Ms. Kirti Patil is the Head of Information Technology at Kotak Life Insurance. She is responsible for ensuring that the company's technology strategy is aligned with its current and future business needs. Ms. Patil has been instrumental in ramping up the IT Support function to its present scale and form and in creating a strong IT infrastructure backbone for the company. Ms. Patil joined Kotak Life Insurance in 2003 and has over two decades of distinguished experience spanning IT project management, customisation & implementation, IT infrastructure management and information security. Before joining Kotak Life Insurance, she worked in the capacity of Head - IT Infrastructure at Bayer India where she was responsible for IT Infrastructure and Service Delivery for 12 group companies in India. She has earlier worked as Head - IT Infrastructure for International Rectifier where she was responsible for IT Infrastructure and Service Delivery for the Asia Pacific region. Ms. Patil holds a BE in Electrical Engineering and an MMS degree, both from Mumbai University.Close