Om Kotak Mahindra Eyes Pf Money For Annuities

OM Kotak Mahindra Life Insurance Company is targeting funds invested annually in public provident fund (PPF) schemes for the sale of its proposed annuity products. PPF has a sizeable and growing corpus well in excess of Rs 70,000 crore, which has to date not been tapped by life insurance companies.

The high savings rate in India