Kotak Mahindra Bank is a leading financial institution in India that was established in 1985. It was previously a non-banking financial company called Kotak Mahindra Finance Limited before receiving a banking license from the RBI in 2003. The bank offers a variety of insurance, investment, and loan products and services. Some of its most popular insurance policies include Kotak Preferred E Term Plan, Kotak Saral Suraksha, Kotak Gramin Bima Yojana, Kotak Health Care, and Kotak Secure Shield. These policies provide benefits such as life insurance coverage, critical illness coverage, and health insurance.
1. Shri Vaishnav Vidyapeeth Vishwavidhyalaya
Shri Vaishnav School of Management
SESSION (2018-2020)
KOTAK MAHINDRA BANK
SUBMITTEDTO: SUBMITTED BY-
Dr. shwati Oza PRIYANKA SHARMA
SVSM,SVVV HARSHALI BAJPAI
MBA 3rd Sem
2.
3. ABOUT COMPANY
▪ The Kotak Mahindra group is a financial organization established in 1985 in India. It
was previously known as the Kotak Mahindra Finance Limited, a non-banking
financial company.
▪ In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was
given the license to carry on banking business by the Reserve Bank of India (RBI).
▪ The bank is headed by K.M. Gherda as Chairman.
▪ Uday Kotak as Executive Vice Chairman & Managing Director.
4. ▪ Shankar Acharya is the chairman of board of Directors in the company.
▪ The Bank has its registered office at Nariman Bhavan, Nariman Point,
Mumbai.
▪ About Kotak Mahindra Bank The flagship company of Kotak Mahindra Group.
▪ Kotak Mahindra Finance Ltd. is the first company in the Indian banking
history to convert to a bank.
5. Turnover and Profit
▪ The turnover of Kotak Mahindra Bank is Rs. 1408 cr.
▪ The profit of Kotak Mahindra Bank is Rs. 1360 cr.
6. List of Policy kotak Mahindra
▪ Kotak preferred e term plan.
▪ Kotak saral suraksha.
▪ Kotak preferred term plan.
▪ Kotak term plan.
▪ Kotak wealth insurance.
▪ Kotak health care.
▪ Kotak super topup.
▪ Secure shield.
▪ Gramin bima yogna
▪ Sampurn bima micro insurance plan.
7. Kotak Life Insurance
Kotak preferred E term plan
Term insurance is type of insurance availed for certain amount of time.
The objective of having a term insurance is to have financial coverage
to the insured person (you) and/or beneficiary, in case of unfortunate
events like being critically ill, permanent disable or death. When you
get a term insurance, your family and dependable becomes financially
secured, even when you are not around. This helps your family to fulfill
their future needs like higher education, marriage, home etc.
8. Benefits of Preferred e Term Insurance
▪ Quick and hassle free buying.
▪ Reduced rate for non-tobacco users and females.
▪ Life cover at unbelievingly low costs.
9. Eligibility
Age Criteria
▪ Entry Age: Minimum – 18 years | Maximum – 65 years
▪ Maturity Age: Minimum – 23 years | Maximum – 75 years
Policy Term
▪ Minimum – 10 years
▪ Maximum – 40 years
Basic Sum Assured
▪ Minimum – Rs 25,00,000
▪ Maximum – Subject to underwriting
10. Kotak saral suraksha plan
Kotak saral suraksha plan is pure term policy that provides life
coverage at low and affordable rates. It is an extremely simple
insurance plan where the nominee receives a death benefits if the life
insured passed away during the policy term.
Benefits:
• No medical test,30 days grace period.
• Minimum documentation required.
• Surrender benefit to single premium policy only.
11. Kotak Social Insurance
Kotak Gramin Bima Yojana
Kotak Gramin Bima Yojana along with providing you benefits on the
maturity of the plan also provides protection against uncertainties.
The ease of paying just one time premium – Single Pay makes the plan
all the more convenient. This product will cater to the needs of rural
and social sector customers.
12. Eligibility
Age Criteria
▪ Minimum: 18 years | Maximum: 45 years
▪ Maximum Age: 60 years
Policy
▪ Policy Term: 15 years (fixed)
Premium
▪ Minimum: Rs. 1,500
▪ Maximum: Rs. 20,000
13. Kotak Health Insurance
Health is the real wealth, with a comprehensive health plan we ensure that
you and your family members are always well-protected.
Key features:
• Complete Health Cover for you & your family
▪ Flexible Sum Insured options
▪ No Pre Policy medical check-ups.
▪ Enhance Cover through optional covers
▪ Lifetime Renewability
14. Kotak health care plan.
It is comprehensive health insurance plan that ensure you and your
family members are protected. This plan has three variants like,
• HEALTH CARE EXCEL
• HEALTH CARE PREMIUM
• HEALTH CARE PRIME
15. Kotak secure shield
This kotak mahiendra health insurance policy offers coverage for
critical illness. This plan also provides coverage for against loss of
employement and finanacial laibility.
Minimum entry age 18 years.
Maximum entry age 65 years.
16. Kotak health super topup policy
It is a policy that provides more for less. It prevents the
insured to invest a large amount of money for larger
benefits.
Eligiblity:
▪ Minimun entry age- 91 days
▪ Maximum entry age -65 years
18. Policy Benefits
In-patient treatment expenses like room rent, boarding, ICU charges,
operation theater charges, medicines, consumables, etc.are covered
for a minimum stay of 24 hours.
Add on covers and life time renewal.
Free health checkups.
Easy claim settlement.
Covers 18 types of critical illnesses.
