LTO Day 1 Quiz

Kotak Mahindra Group Started in the Year

Vision and Mission Statement of kotak Life are

• To become India's BEST life insurance company

• To bring ASSURANCE to peoples lives

• Both are Correct

• Both are Incorrect

MD of Kotak Life is

• Mr. Mahesh Balasubramanian

• Mr. Uday Kotak

• Mr. Piyush Trivedi

• Ms. Ruchira Bharadwaj

Facts of kotak Life are

• Has 20 Companies under the Brand kotak

• Logo means infinite needs are met with infinite solutions

• 8 Distribution Channels

• 9 Support Functions

Claim settlement Ratio of kotak life is

Facts of KLI

• AUM is INR 64, 285 Cr

• Solvency Ratio is 2.83 times

• Has 7 Values

• All of the Above

People get their Money to BFSI Sector

• To Safeguard their Money

• Earn Interest

• Get Tax Benefits

• Save for Short, Mid and Long Term Financial Goals

Benefits of a Life Insurance Product are

• Safety regulated by IRDA

• Earn Interest similar to Term Deposits or Mutual Funds for All Financial Goals

• Provide 80C, 80D and 10 (10D) Tax Benefits

• Life Cover against risks like 3D's

Term Insurance or Pure Protection Plan

• Is the only financial product that protects against Death, Disease and Disability

• On death, replaces the entire Lifetime income of an Earning Individual in their Absence

• Provides Risk Cover from Day 1 at a very affordable cost

• All of the Above

Persistency

• Means Happy Customers willing to pay all the Premiums

• Ratio in KLI is 85%

• is a proof that Need Based Sale was done

• All of the Above