Kotak Life Partners With Muthoottu Mini For Retail Life Insurance

Kotak Mahindra Life Insurance Company (Kotak Life) has tied up with Muthoottu Mini Financiers (Muthoottu Mini) to offer life insurance products to retail/individual customers.

Mathew Muthoottu, Managing Director of Muthoottu Mini Financiers, said, 'The tie-up with Kotak Life will help us deliver enhanced value and convenience to Muthoottu Mini’s customers, ensuring their insurance needs are well catered to. This partnership signifies a shared commitment to delivering outstanding insurance products and services to customers while reinforcing the growth and success of both organisations.'

The tie-up will provide Muthoottu Mini's 30 lakh customer base with a range of life insurance products offered by Kotak Life, including protection, savings, investment, and retirement solutions, through its 870 branches.

P E Mathai, Chief Executive Officer of Muthoottu Mini Financiers, said, 'Muthoottu Mini’s strategic alliance with Kotak Life marks a significant milestone in our ongoing effort to provide the best services to our customers and empower them to fulfill their financial needs. By joining hands, we aim to empower customers with comprehensive insurance solutions that cater to their diverse needs. Together, we will create a future where consumers have exceptional experiences with our products and services.'

Piyush Trivedi, Joint President – Alternate Channel at Kotak Mahindra Life Insurance Company, said, 'The tie-up will allow us to expand our life insurance products to a broader audience. This way, financial security and effective planning for future goals will come under a single roof for the customers of Muthoottu Mini.