Kotak Life Insurance (Kotak

Mahindra Old Mutual Life

Insurance Ltd.)
CORPORATE SOCIAL
RESPONSIBILITY (CSR)
 Introduction
• Kotak Life Insurance (Kotak Mahindra Old
Mutual Life Insurance Ltd.) is one of the leading
life insurance companies in India.
• The company offers individual insurance
products, such as protection plans, retirement
plans, savings and investment plans, and child
plans.
• Its group insurance products comprise life
coverage, gratuity management, and credit term
group plans. The company was incorporated in
2000 and is based in Mumbai, India.
• It is the biggest Life Insurance companies
in the world. Because of the strong
investment lineage of Kotak group, Kotak
Life Insurance is able to offer a
comprehensive variety of products and
services that suit the diverse needs and
risk-return profiles of every investor.
• It is the biggest Life Insurance companies
in the world. Because of the strong
investment lineage of Kotak group, Kotak
Life Insurance is able to offer a
comprehensive variety of products and
services that suit the diverse needs and
risk-return profiles of every investor.
• Kotak Mahindra business in
• Bank
• Life Insurance
• Securities
• Investment Banking
• International Business
• Mutual Fund
• Private Equity
• Realty Fund
 CSR- Definition
• The concept of corporate social responsibility means that
organizations have moral, ethical, and philanthropic responsibilities
in addition to their responsibilities to earn a fair return for investors
and comply with the law.
• However, CSR requires organizations to adopt a broader view of its
responsibilities that includes not only stockholders, but many other
constituencies as well, including employees, suppliers, customers,
the local community, local, state, and federal governments,
environmental groups, and other special interest groups. Thus, the
study of business ethics may be regarded as a component of the
larger study of corporate social responsibility.
• Finally, the discretionary responsibilities of corporations refer to
society's expectation that organizations be good citizens. This may
involve such things as philanthropic support of programs benefiting
a community or the nation. It may also involve donating employee
expertise and time to worthy causes.
 CSR in Kotak Mahindra Life
Insurance
• Kotak Mahindra views Corporate Social
Responsibility as an investment in society
and in its own future.
• Kotak uses the power of its human and
financial capital to transform communities
into vibrant, desirable places for people to
live.
• The group leverages its core
competencies in three areas:
• SUSTAINABILITY
• An integral part of all Kotak Mahindra
Group activities is to be consistently
responsible to shareholders, clients,
employees, society and the environment.
• Placing the best interests of the client various
plans of insurance one’s own direct or indirect
benefits
• Holding in the strictest confidence and
considering as privileged, all business and
personal information pertaining to the client’s
affairs
• Making full and adequate disclosure of all facts
to enable clients make informed decisions
 ECONOMIC DEVELOPMENT
• Corporate social
responsibility can be
closely and successfully
tied with business
strategy.
• By helping people
achieve their financial
goals, Kotak strengthens
the fabric of communities
and helps them
overcome
unemployment and
poverty to help them
shape their future.
• Aims to improve the lives of thousands of
street children by helping them off the
streets and into education
• kotak life insurance in India has also
involved the community at large in its
corporate social responsibility strategy
Over 1,23,000 books were collected and
distributed to projects run by Save the
Children.
• Arranged many blood donation camps
also. Through its corporate social
responsibility, kotak life insurance seeks to
better the lives of underprivileged children
and thereby contribute towards building a
brighter future for the country.
 DOING MY BIT
A growing number of employees
are committed to civic leadership
and responsibility with the
support and encouragement of
the Kotak Group. A number of
employees have been involved in
strengthening communities such
as following below