The Hindu Business Line : Kotak Life expands in South

Kotak Mahindra Old Mutual Life Insurance Company will be opening 40 branches across the country in the next seven weeks, taking its total network to 150 branches. Six of these new branches will come up in the southern States, Mr Shekhar Bhandari, Senior Vice- President- Sales, said. The agency force of around 4200 in the South would also grow in tandem, he said. The southern region contributed about 15 per cent of the premium income earned by the company, Mr Bhandari said. Speaking on Kotak Life's distribution strategy, Mr Bhandari said the company was focussing on five States - Kerala, Gujarat, Maharashtra, Punjab and Haryana. The environment was clean, there was better income generation in these States and the other businesses of the Kotak group had done well here. - Our Bureau

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