Kotak targets Rs 1,000 crore business this FY

Kolhapur, Feb 21 (UNI) Kotak Mahindra Life Insurance has proposed to achieve a target of Rs 1,000 crore in the current financial year.

This was announced by the company's Senior Vice-President (sales) Shekhar Bhandari today.

Talking to reporters here during the inauguration of its new branch in Sangli, Mr Bhandari said that from April to December 2007, the new premium collection has reached Rs 558.80 crore, a 70 per cent increase compared to last year's business.

Kotak Mahindra has a total of 17 offices in the state including the one which was inaugurated today.

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