# Kotak Life Insurance

Kotak Life Insurance is an Insurance based in Mumbai, India.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** 8th Floor, Plot # C-12, G-Block, BKC, Bandra (E), Mumbai - 400051, India
- **Founded:** 2001
- **Assets under management:** $15B – $25B (Altss estimate)
- **Website:** kotaklife.com
- **LinkedIn:** https://www.linkedin.com/company/kotak_life

## Regulatory record

- **Reports private funds:** No

## About

Kotak Life Insurance offers term insurance, ULIPs, savings plans, retirement plans, and investment plans. The company provides financial protection, wealth creation, retirement planning, and savings and tax benefits to individuals. Founded in 2001, it is based in Mumbai, India.

## Sectors

- Private Credit
- Real Estate
- Infrastructure
- Hedge Funds
- Secondaries & Special Situations

## Offices

- 9th Floor, Intellion Square, Infinity Park, Off Western Express Highway, Malad (E), Mumbai - 400097, India

## People

- Mahesh Balasubramanian — Managing Director
- Radhavi Deshpande — Chief Investment Officer
- Uday Kotak — Chairman

## Questions

### Who runs investment decisions at Kotak Life Insurance?

Radhavi Deshpande is the Chief Investment Officer, responsible for the entire general account portfolio. She reports to Managing Director Mahesh Balasubramanian, with Uday Kotak serving as Chairman of the board. The investment committee structure is not publicly detailed but operates under IRDAI regulatory guidelines for insurance asset management in India.

### How does Kotak Life Insurance allocate to alternative investments?

Kotak Life participates in alternative investments primarily through India's Alternative Investment Fund (AIF) structure, which covers private credit, infrastructure, and real estate funds. The firm does not operate as a direct private equity investor but commits to external AIFs and co-investment vehicles that match its long-duration, rupee-denominated liability profile.

### Does Kotak Life Insurance invest outside India?

The portfolio is overwhelmingly domestic Indian. Any cross-border exposure is limited to Indian multinational corporate issuance or sovereign-guaranteed instruments. IRDAI regulations historically constrained overseas investment by Indian insurers, and Kotak Life's asset mix reflects a near-total India focus.

### What investment stages or asset classes does Kotak Life avoid?

Venture capital and growth equity are structurally incompatible with the insurer's liability-matching mandate. The firm does not take early-stage technology risk. Its alternative sleeve concentrates on yield-generating strategies — private credit, structured debt, income-producing real assets, and select absolute-return allocations — rather than capital appreciation plays.

### How is Kotak Life Insurance related to Kotak Mahindra Bank?

Kotak Mahindra Bank is the parent company and 100% owner of Kotak Life Insurance. The insurer was launched in 2001 as part of the Kotak Group's expansion into long-duration liability businesses, complementing the bank's corporate and retail lending franchise. The life insurance entity is regulated separately by IRDAI.

### What is Kotak Life's competitive position in the Indian insurance market?

Kotak Life consistently ranks among the top five private life insurers in India by new business premium, competing with HDFC Life, ICICI Prudential Life, SBI Life, and Max Life. The state-owned Life Insurance Corporation of India (LIC) remains the dominant market player, but Kotak Life has carved share in the urban mass-affluent segment through its bancassurance partnership with Kotak Mahindra Bank and independent agency distribution.

## Related profiles

- [Kotak Investment Advisors (KIAL)](https://altss.com/profile/kotak-investment-advisors-kial)
- [Kotak Mahindra Bank](https://altss.com/profile/kotak-mahindra-bank)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/kotak-life-insurance

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