Kotak Life signs bancassurance pact with Utkarsh Small Finance
Under the tie-up, Kotak Life products will be offered through Utkarsh SFBL’s branch network and its internet banking, mobile banking, UPI, and assisted-digital interfaces. The bank has framed the initiative as part of its efforts to build out its life insurance proposition alongside existing banking services. Speaking on the partnership, Govind Singh (pictured left), managing director and CEO of Utkarsh Small Finance Bank Ltd, said: “This partnership reinforces our commitment to delivering holistic financial solutions to our customers. By collaborating with Kotak Life Insurance, we are creating a robust platform that offers access to a wide array of Life Insurance products from leading insurers. This enables our customers to choose solutions that are best suited to their individual needs, preferences, and life stages, while enhancing financial security that best suits their unique needs and financial goals.”
Kotak Life, a wholly owned subsidiary of Kotak Mahindra Bank Ltd, distributes life insurance through 356 branches across 161 cities and had covered more than 50 million lives as of Dec. 31, 2025. Utkarsh SFBL, which received a small finance bank licence from the Reserve Bank of India in November 2016 and began operations in January 2017, focuses on customers in underserved and unserved segments and supports them through ATMs, micro ATMs, and digital services.
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