Kotak Life Insurance has gained traction in the south Indian market after its parent Kotak Mahindra BankBSE -1.28 % aquired Bangalore-based ING Vysya BankBSE -0.32 % last year helping the insurer firm up bancassurance business.
The private life insurer, which is a 74:26 joint venture between the Kotak Mahindra Bank and South Africa's Old Mutual Plc, saw its first premium income growing