Factuary

Kotak Life Insurance Insurance Data

lifeIRDAI Reg. 107

Life insurance subsidiary of Kotak Mahindra Bank.

HQ: Mumbai
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IRDAI Disclosures ↗

Kotak Life Insurance is a life insurance company licensed by IRDAI (registration number 107). Its solvency ratio of 2.45× as of Q4 FY24-25 exceeds the IRDAI mandatory minimum of 1.5×, ranking 3rd among 25 life insurers. The company reported gross written premium of ₹18376 crore in FY25-03, ranking 9th by premium among 25 life insurers.

Peer rank among life insurers with data for that metric. Not shown when fewer than 3 peers have data.

Premium

gross written premium₹18,376 croreFY25-03Handbook-Table-2-40

Solvency

solvency ratio2.45×Q4 FY24-25Statement-11

Persistency

13th month persistency by policy count79.1%FY24-25Handbook-Table-28
25th month persistency by policy count70.8%FY24-25Handbook-Table-28
61st month persistency by policy count55.3%FY24-25Handbook-Table-28
49th month persistency by policy count57.1%FY24-25Handbook-Table-28
37th month persistency by policy count62.9%FY24-25Handbook-Table-28

Financial Position

net worth₹6,406 croreFY24-25Handbook-Table-26

Distribution by Channel

CSCs policies0FY24-25Handbook-Table-100
MI Agents premium₹0.00 croreFY24-25Handbook-Table-100
Bank Channel policies1,34,664FY24-25Handbook-Table-100
Brokers premium₹103.36 croreFY24-25Handbook-Table-100
POS policies0FY24-25Handbook-Table-100
Corp. Agents (Other) policies5,143FY24-25Handbook-Table-100
Individual Agents premium₹796.11 croreFY24-25Handbook-Table-100
Online policies2,603FY24-25Handbook-Table-100
Brokers policies8,960FY24-25Handbook-Table-100
Others premium₹0.00 croreFY24-25Handbook-Table-100
Referrals premium₹0.66 croreFY24-25Handbook-Table-100
Direct premium₹1,195.90 croreFY24-25Handbook-Table-100
Individual Agents policies99,759FY24-25Handbook-Table-100
Bank Channel premium₹1,914.16 croreFY24-25Handbook-Table-100
IMF policies48FY24-25Handbook-Table-100
POS premium₹0.00 croreFY24-25Handbook-Table-100
Referrals policies123FY24-25Handbook-Table-100
CSCs premium₹0.00 croreFY24-25Handbook-Table-100
Direct policies59,315FY24-25Handbook-Table-100
Web Agg. policies328FY24-25Handbook-Table-100
Corp. Agents (Other) premium₹74.29 croreFY24-25Handbook-Table-100
Online premium₹7.00 croreFY24-25Handbook-Table-100
IMF premium₹0.75 croreFY24-25Handbook-Table-100
MI Agents policies0FY24-25Handbook-Table-100
Web Agg. premium₹1.88 croreFY24-25Handbook-Table-100
Others policies0FY24-25Handbook-Table-100

Lapse & Surrender

lapse and surrender ratio3.1%FY24-25Handbook-Table-27

Other Claims

claims paid within 1 month94.0%FY24-25Handbook-Table-18
claims settled in 6 to 12 months0.0%FY24-25Handbook-Table-18
claims settled in 1 to 3 months5.7%FY24-25Handbook-Table-18
claims settled in 3 to 6 months0.2%FY24-25Handbook-Table-18
claims settled after 1 year0.1%FY24-25Handbook-Table-18

Other

Online premium₹0.00 croreFY24-25Handbook-Table-102
POS lives0FY24-25Handbook-Table-102
IMF schemes0FY24-25Handbook-Table-102
Bank Channel premium₹927.03 croreFY24-25Handbook-Table-102
Others premium₹0.00 croreFY24-25Handbook-Table-102
Others lives0FY24-25Handbook-Table-102
Others schemes0FY24-25Handbook-Table-102
MI Agents lives9,78,762FY24-25Handbook-Table-102
POS schemes0FY24-25Handbook-Table-102
Web Agg. lives0FY24-25Handbook-Table-102
Online schemes0FY24-25Handbook-Table-102
Bank Channel lives45,29,509FY24-25Handbook-Table-102
Corp. Agents (Other) lives59,10,283FY24-25Handbook-Table-102
IMF lives0FY24-25Handbook-Table-102
CSCs schemes0FY24-25Handbook-Table-102
Direct premium₹1,997.15 croreFY24-25Handbook-Table-102
Bank Channel schemes36FY24-25Handbook-Table-102
CSCs lives0FY24-25Handbook-Table-102
Individual Agents schemes1FY24-25Handbook-Table-102
MI Agents premium₹50.45 croreFY24-25Handbook-Table-102
Individual Agents lives462FY24-25Handbook-Table-102
Direct schemes808FY24-25Handbook-Table-102
Corp. Agents (Other) premium₹929.62 croreFY24-25Handbook-Table-102
MI Agents schemes3FY24-25Handbook-Table-102
Corp. Agents (Other) schemes19FY24-25Handbook-Table-102
CSCs premium₹0.00 croreFY24-25Handbook-Table-102
Web Agg. premium₹0.00 croreFY24-25Handbook-Table-102
Brokers premium₹216.70 croreFY24-25Handbook-Table-102
IMF premium₹0.00 croreFY24-25Handbook-Table-102
Online lives0FY24-25Handbook-Table-102
Direct lives34,08,240FY24-25Handbook-Table-102
Brokers lives21,82,026FY24-25Handbook-Table-102
Brokers schemes142FY24-25Handbook-Table-102
POS premium₹0.00 croreFY24-25Handbook-Table-102
Web Agg. schemes0FY24-25Handbook-Table-102
Individual Agents premium₹-0.00 croreFY24-25Handbook-Table-102
traditional plan commission paid₹1,529.98 croreFY24-25Handbook-Table-13
ULIP commission paid₹199.49 croreFY24-25Handbook-Table-13

Data from IRDAI public disclosures. Click a metric name for full history and provenance.

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