Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) opened its fifth branch in Andhra Pradesh at Visakhapatnam. The company already has 3 branches in Hyderabad and one at Vijayawada. | |
| "By the end of March, our sixth branch would come up at Warangal. We plan to open three more branches in Andhra during the next fiscal," Mayur Ankolekar, senior vice-president, (Alternate Channel), Kotak Life Insurance, told the media here on Monday. |
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| This company is expecting new business premium of Rs 1,000 crore this fiscal as against Rs 620 crore in the previous year. |
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| "Currently, we have about 300 corporate agents across the country to sell our insurance products and have tied up with 11 banks for the banccasurance business," he said. The company plans to increase its current base of 30,000 life advisors to around 40,000 in the current fiscal, he added. |
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