Kotak Mahindra Life Insurance Announces ₹1,398 Crore Bonus for 7.7 Lakh Participating Policyholders for FY26

Kotak Mahindra Life Insurance Company (Kotak Life) has announced a bonus of ₹1,398 crore for around 7.7 lakh policyholders holding participating insurance policies for FY26, as per news reports.  

The payout is 18.7% higher than the bonus declared in the previous financial year. The company said this is the 25th consecutive year that it has announced a bonus for eligible policyholders. 

Bonus Linked to Participating Policies 

The bonus applies to participating, or with-profit, insurance plans, where policyholders are entitled to a share of the surplus generated by the participating fund, along with the benefits guaranteed under the policy.  

The amount is not paid immediately and is generally payable on maturity, surrender, death claim settlement or as specified in the policy terms. 

Claims Settlement Figures for FY26 

Kotak Life also released its claims settlement data for the year ended March 2026. It reported an individual claim settlement ratio of 99.5% and a group claim settlement ratio of 99.8%.  

During FY26, the insurer settled 1,52,860 claims, with total payouts of ₹2,009 crore across individual and group businesses. The company added that 84% of eligible claims were processed within one working day after all required documents were received. 

Branch Network and Customer Reach 

As of 31 March 2026, Kotak Life had 372 branches across 163 cities. The insurer said it has provided insurance coverage to more than 5 crore lives.  

It also reported a Net Promoter Score (NPS) of 60% and ranked second in the Hansa Research Life Insurance Customer Experience Study (CuES) 2026. 

Read More: GIFT IFSC Closes FY26 with Record Quarterly Surge as Fund Raising Nears $20 Billion! 

Conclusion 

The announcement comes at a time when several life insurers have declared annual bonuses for participating policyholders for FY26, with payouts based on the surplus generated under participating insurance funds. 

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