23 April 2009

Kotak Life Insurance

Presentation Structure

Kotak Group Kotak Group

Kotak Life InsuranceKotak Life Insurance

Regulatory Compliance Regulatory Compliance

1

2

3

Kotak Group

Journey so far…

TradeFinance

1985 1986

1990 2003200119981996199519921991

Ford Credit JVs

Mutual Fund

StockBroking

GoldmanSachs JVsIPO

InvestmentBanking

AutoFinance

Life InsuranceOld Mutual JV

Dubai London

New York

BANK

In October 2005, Kotak Group acquired the 40% stake in Kotak Prime held by Ford Credit International (FCI) and FCI acquired the stake in Ford Credit Kotak Mahindra (FCKM) held by Kotak Group.In May 2006, Kotak Group bought 25% stake held by Goldman Sachs in Kotak Mahindra Capital Company and Kotak Securities

Restructuring Ford& Goldman JVs

2006

• Full-range of Financial Products

• One of the fastest growth of businesses in financial services

• Market leader in Broking, Car-Finance & Investment Banking

• Full-range of Financial Products

• One of the fastest growth of businesses in financial services

• Market leader in Broking, Car-Finance & Investment Banking

San FranciscoSingapore

2007

2008

Kotak Group - Growing Leaps and Bounds

Data as on 31st Mar ‘08

Total AUMs in FY 08 for the group stand at Rs. 36,500 crores; a jump of 55% over last year

Kotak Group – A Snapshot

Consolidated Net Worth (Rs. Crore)

1055 1233 14672247

3233

58246327

01000200030004000500060007000

FY 03 FY 04 FY 05 FY 06 FY 07 FY 08 YTD Q309

Group Employees

15003000

44006700

10800

17100

02000400060008000

1000012000140001600018000

FY 03 FY 04 FY 05 FY 06 FY 07 FY 08

Earnings Per Share (Rs.)

2.35.8 5.7

16.5

29.2

12.711.0

0

510

1520

2530

35

FY03 FY04 FY05 FY06 FY07 FY08 YTD Q309

Growing Value to Stakeholders

Kotak Group – The Preferred Investment Bankers

Leadership in the Indian market

Mr. Uday Kotak awarded the Indian Business Leader of the Year 2009 award

Best Performing Equity Broker in India in 08

Best Domestic Investment Bank in India in 06, 07 & 08Best Equity House in India in 08

Emerged winner in 16 categories in the Private Banking Poll 2007, including the Best Local

Private Bank

‘Best Debt Fund House’ and won the ‘NDTV Business Leadership Award’ in 07

Leadership in the Indian market

In the top 5 for Corporate Governance in Asia Pacific / Africa in 08

Best Banking Security Systems Project Award in 07

6 IBA Banking Technology Awards in 07

# 1 Book runner/ Lead Manager in terms of value of Indian equity offerings (PRIME Database) 2006,

2005, 2004, 2003

Customer Responsiveness Award in 06 and 07

Kotak Life Insurance

Kotak and Old Mutual – synergies at a glance

One of India’s leading financial institutions

First NBFC given banking license

Leaders in Securities, Investment Banking & Wealth Management and Auto finance

Group Networth of Rs 6,327 + crores

Fortune 500 company also part of FTSE 100

Over 165 years of Assurance History

Leading financial services company in South Africa and Sweden

Employs more than 54,000 people in over 40 countries

Data as on 31st Dec ‘08

Kotak Life Insurance – A Snapshot

Total Share Capital Rs.562 crore Amongst the top quartile in New Business Premium / Capital

Employed

Strong Pan-India presence 141 cities 197 branches 43,483 Life Advisors 90 Corporate Agents 277 Brokers

Premium Quality Player in Indian Life Insurance AUM of Rs 3,374 + crores Strong Product Basket Strong Fund Performance History – Automatic allocation fund and

Leaders in Capital Guarantee performance

Data as on 31st Dec ‘08

Kotak Life Insurance – Growth

One of the fastest growing Insurance

companies

03-04 04-05 05-06 06-07 07-08 08-09 09-10 (E)

151

466622

972

1692

Total Insurance Premium (Rs. crore)

2343

3350

(E) Estimated figures

First Year Premium Growth of 23% for Year 2008-09

Kotak Life Insurance - Accolades

2008Kotak Platinum

Advantage Plan – Best Investment ULIP, type

II1

Kotak Long Life Wealth Plus – 4th

Best Investment ULIP, type I2

Kotak Aggressive Growth Fund – Second best ULIP Equity Fast

Fund3

2007

Kotak Platinum Advantage Plan – Best Investment ULIP, type

II1

Kotak Retirement Income Plan – Best

Pension ULIP

Kotak Headstart Future Protect –

Second best child ULIP

Kotak Dynamic Balanced Fund – Best ULIP Balanced Fund

Kotak Aggressive Growth Fund – Second best ULIP Equity Fund

1 Type II ULIPs offer both Sum Assured and Fund Value as Death Benefit2 Type I ULIPs offer higher of Sum Assured and Fund Values as Death Benefit3 Equity Fast Funds are defined as funds having equity exposure of more than 60%

Regulatory Compliance

Regulatory Compliance

Adherence to Regulatory Norms

Strict adherence to IRDA guidelines on Asset, Liability & Solvency Margins, 2000

Maintenance of Solvency Margins of 150%

Investment mobilization as per IRDA Investment Regulation, 2001

Checks & Control Measures

Sound Investment Philosophy

Strict observance of credit quality of investments

Investment Policy approved by Board & monitored by Investment Committee

Systematic Asset Allocation

Diversified Portfolio Strategy

Transparency of Fund Management

Thank You