Kotak Mahindra Life Insurance Company Limited (Kotak Life) today announced a bonus of Rs 1,007 crore to more than 7 lakh eligible policyholders for FY 2023-24. This is the 23rd consecutive year that Kotak Life has declared a bonus on participating products.

The bonus declared is 20% higher than the bonus amount of FY2022-23.

Mahesh Balasubramanian, Managing Director of Kotak Mahindra Life Insurance Company Limited said, “We are pleased to announce an increased bonus for our customers for the 23rd consecutive year. At Kotak Life, we are dedicated to helping our customers fulfill their financial goals, aspirations and creating value for their investments. True to our brand promise Hum hain…Hamesha, our endeavor remains to be there for our customers always.”