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Kotak Life Insurance (Kotak Mahindra Old Mutual Life Insurance Ltd.) CORPORATE SOCIAL RESPONSIBILITY (CSR)
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Page 1: Kotak Life Insurance (Kotak Mahindra Old Mutual

Kotak Life Insurance (Kotak Mahindra Old Mutual Life

Insurance Ltd.) CORPORATE SOCIAL

RESPONSIBILITY (CSR)

Page 2: Kotak Life Insurance (Kotak Mahindra Old Mutual

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.

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• 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.

Page 4: Kotak Life Insurance (Kotak Mahindra Old Mutual

• 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.

Page 5: Kotak Life Insurance (Kotak Mahindra Old Mutual

• Kotak Mahindra business in

• Bank

• Life Insurance

• Securities

• Investment Banking

• International Business

• Mutual Fund

• Private Equity

• Realty Fund

Page 6: Kotak Life Insurance (Kotak Mahindra Old Mutual

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.

Page 7: Kotak Life Insurance (Kotak Mahindra Old Mutual

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:

Page 8: Kotak Life Insurance (Kotak Mahindra Old Mutual

• SUSTAINABILITY

• An integral part of all Kotak Mahindra Group activities is to be consistently responsible to shareholders, clients, employees, society and the environment.

Page 9: Kotak Life Insurance (Kotak Mahindra Old Mutual

• 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

Page 10: Kotak Life Insurance (Kotak Mahindra Old Mutual

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.

Page 11: Kotak Life Insurance (Kotak Mahindra Old Mutual

• 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.

Page 12: Kotak Life Insurance (Kotak Mahindra Old Mutual

DOING MY BITA 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

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