Mumbai, 4th June 2026: Kotak Mahindra Life Insurance Company Ltd. (“Kotak Life”) announced that it has appointed Amit Palta as Deputy Managing Director – Designate, subject to regulatory approval.
Commenting on the appointment, Mahesh Balasubramanian, MD & CEO, Kotak Life, said: “We are delighted to welcome Amit to Kotak Life. His leadership experience across banking & insurance, with a strong track record in building high-performing distribution ecosystems and driving customer-focused strategies, will help us further strengthen our market position, enhance customer value and deliver sustainable growth.”
Amit Palta, Deputy MD – Designate, Kotak Life, said: “Delighted to join Kotak Life at a defining time for the life insurance industry. The company’s strong fundamentals, clarity of purpose and disciplined approach to building long-term value make it uniquely positioned. I look forward to being part of this journey.”
With a career spanning 30 years in the financial services industry, Amit brings deep expertise in distribution and product innovation. He has played a key role in building scalable, customer-centric insurance businesses across his career.
Most recently, Amit served as Chief Product & Distribution Officer at ICICI Prudential Life Insurance, where he led product strategy and distribution, driving business growth and market expansion. His prior experience includes senior leadership roles at ICICI Bank.
About Kotak Mahindra Life Insurance Company Limited
Kotak Mahindra Life Insurance Company Limited is a 100% owned subsidiary of Kotak Mahindra Bank Limited. Kotak Life provides world-class insurance products with high customer empathy. Its product suite leverages the combined prowess of protection and long-term savings. Kotak Life is one of the fastest growing insurance companies in India with ^372 branches across 163 cities as on 31st March 2026 and has covered more than ~5 crore lives$.
