India’s Kotak Mahindra Old Mutual Life Insurance has announced a 122% year-on-year increase in first-year premium income collected in the six months to end September. Total premium income jumped 113% over the same period.The business, which is a joint venture between Kotak Mahindra Bank and Old Mutual, is a local market leader in guaranteed fund performance and said it is confident of its ability to consolidate its position in the guaranteed fund space. The firm has already launched Kotak Safe
