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 Money & Banking - Life Insurance
Kotak MF premium income up

Mumbai, Nov. 12

Kotak Mahindra Old Mutual Life Insurance Ltd has registered a growth of 114 per cent in the first year premium income for the half year ended September 30. The company's total received premium income increased by 98 per cent Rs 925 crore, a press release issued by the company said. The company has reported a loss of Rs 35 crore, down from the Rs 53-crore loss reported in the first half of the previous fiscal. Kotak Life Insurance has also increased its sales force to about 40,000 life advisors. The company has expanded its branch network to 188 spread across 124 cities. - Our Bureau

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