The partnership is set to benefit over 10 million Mahindra Finance customers with a host of Kotak Life insurance products

The partnership was formalised by Mahesh Balasubramanian, MD of Kotak Mahindra Life Insurance Company, and Raul Rebello, Managing Director and CEO of Mahindra Finance. Balasubramanian emphasised the importance of life insurance for all Indians aligning with the IRDAI's vision of ‘Insurance for All.’ He highlighted that this partnership would leverage Mahindra Finance’s extensive customer reach and Kotak Life’s expertise to offer financial security to Mahindra Finance customers.

Rebello expressed enthusiasm about the strategic collaboration, noting that it would enhance Mahindra Finance's ability to provide efficient and personalised insurance solutions, supporting sustainable growth and their commitment to being a responsible financial partner to an ‘Emerging India.’

Mahindra Finance will offer these life insurance products through its extensive network of over 1,400 branches across all states and union territories. This initiative is expected to enhance financial security for millions of customers.

Kotak Mahindra Life Insurance Company Ltd., a subsidiary of Kotak Mahindra Bank, is renowned for its high customer empathy and comprehensive insurance products. Mahindra Finance, part of the Mahindra Group, is a leading non-banking finance company focused on the rural and semi-urban sectors, with a vast reach across India.