Mumbai, 26th July 2023: Kotak Mahindra Life Insurance Company Ltd (Kotak Life) today announced its corporate agency tie-up with Muthoottu Mini Financiers Ltd. (Muthoottu Mini) to offer life insurance products to retail/individual customers. The tie-up will help thirty lakh customer base of Muthoottu Mini with a comprehensive range of life insurance products offered by Kotak Life, including protection, savings, investment and retirement solutions through Muthoottu Mini’s widespread network of 870 branches and over 4,000 employees.
Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers Ltd. said, “The tie- up with Kotak Life will help us to deliver enhanced value and convenience to Muthoottu Mini’s customers, ensuring their insurance needs are well catered to. This partnership signifies a shared commitment to deliver outstanding insurance products and services to customers while reinforcing the growth and success of both organizations.”
P E Mathai, Chief Executive Officer, Muthoottu Mini Financiers Ltd. said, “Muthoottu Mini’s strategic alliance with Kotak Life marks a significant milestone in Muthoottu Mini’s ongoing effort to provide the best services to our customers to empower them to fulfil their financial needs. By joining hands, we aim to empower customers with comprehensive insurance solutions that cater to their diverse needs. Together, we will create a future where consumers have exceptional experiences with our products and services.
Piyush Trivedi, Joint President – Alternate Channel, Kotak Mahindra Life Insurance Company Ltd. said, “We are delighted to partner with Muthoottu Mini. The tie-up will allow us to expand our life insurance products to a broader audience. Muthoottu Mini shares a strong and irrevocable bond with their customers, and that’s why our products, on which we take pride in, will serve them to plan better for life and provide security to their families. This way, financial security and effective planning for future goals, will come under a single roof for the customers of Muthoottu Mini.”