Kotak Mahindra Life Insurance Declares ₹11.78 Billion Bonus For 2024-25

Kotak Mahindra Life Insurance Co Ltd announced a bonus of ₹11.78 billion for 2024-25, the company said today. The bonus will be paid to 700,000 policyholders holding participating insurance policies.

Mahesh Balasubramanian, managing director of Kotak Mahindra Life Insurance, said the bonus marks more than just a number; it reflects the company’s commitment to supporting customers through all stages of life. He added that for 24 years, the company has honoured this promise, focusing on helping policyholders achieve their financial goals and building relationships based on trust and long-term value.

The company has declared bonuses for 24 consecutive years, with this year’s bonus representing a 17% increase from ₹10.07 billion declared in 2023-24.