Mumbai: Kotak Mahindra Life Insurance Company Ltd. (“Kotak Life”) has announced the appointment of 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 over 30 years of experience in the financial services sector, Amit Palta brings deep expertise in distribution and product innovation. Over the course of his career, he has played a key role in building scalable, customer-centric insurance businesses.
Prior to joining Kotak Life, he served as Chief Product & Distribution Officer at ICICI Prudential Life Insurance, where he led product strategy and distribution, driving business growth and market expansion. He has also held senior leadership roles at ICICI Bank.
