Kotak Life Insurance has recently collaborated with the Association of Registered Investment Advisors (Aria) to assist insurance nominees in managing lump sum payments through proper financial planning. The tie-up is expected to provide relief to nominees who receive large sums of money as insurance payouts following the demise of a loved one.
Managing a significant amount of money can be challenging, especially when one is dealing with the grief of losing a family member. This is where the collaboration between Kotak Life Insurance and Aria comes into play. As part of the partnership, Aria will offer guidance to insurance nominees on how to manage their lump sum payments effectively. The association will provide these services through its network of registered investment advisers, who will work closely with the nominees to understand their financial needs and design a customized financial plan accordingly.
The tie-up between Kotak Life Insurance and Aria is expected to benefit both parties. Kotak Life Insurance is set to gain a competitive edge by offering a unique value proposition to its customers. Meanwhile, Aria will be able to expand its client base by tapping into Kotak Life Insurance’s vast customer network.
Commenting on the collaboration, Kotak Life Insurance’s Chief Distribution Officer, Mahesh Balasubramanian, said, “We are committed to ensuring that our customers have access to the best financial solutions that can help them achieve their long-term financial goals. Our partnership with Aria is a step in this direction and will enable us to offer our customers access to expert financial advice that can help them manage their lump sum payments effectively.”
Aria’s President, Anirudha Taparia, also expressed his excitement about the collaboration. He stated, “We are thrilled to partner with Kotak Life Insurance to provide valuable financial planning services to their customers. With our expertise in financial planning and Kotak Life Insurance’s vast customer network, we are confident that we can help customers make informed financial decisions that can positively impact their lives.”
In conclusion, the collaboration between Kotak Life Insurance and Aria is a step in the right direction towards providing valuable financial planning services to insurance nominees. The tie-up will not only benefit the two organizations but also their customers, who will now have access to expert financial advice to manage their lump sum payments effectively.
Kotak Life Insurance has recently collaborated with the Association of Registered Investment Advisors (Aria) to assist insurance nominees in managing lump sum payments through proper financial planning. The tie-up is expected to provide relief to nominees who receive large sums of money as insurance payouts following the demise of a loved one.
Managing a significant amount of money can be challenging, especially when one is dealing with the grief of losing a family member. This is where the collaboration between Kotak Life Insurance and Aria comes into play. As part of the partnership, Aria will offer guidance to insurance nominees on how to manage their lump sum payments effectively. The association will provide these services through its network of registered investment advisers, who will work closely with the nominees to understand their financial needs and design a customized financial plan accordingly.
The tie-up between Kotak Life Insurance and Aria is expected to benefit both parties. Kotak Life Insurance is set to gain a competitive edge by offering a unique value proposition to its customers. Meanwhile, Aria will be able to expand its client base by tapping into Kotak Life Insurance’s vast customer network.
Commenting on the collaboration, Kotak Life Insurance’s Chief Distribution Officer, Mahesh Balasubramanian, said, “We are committed to ensuring that our customers have access to the best financial solutions that can help them achieve their long-term financial goals. Our partnership with Aria is a step in this direction and will enable us to offer our customers access to expert financial advice that can help them manage their lump sum payments effectively.”
Aria’s President, Anirudha Taparia, also expressed his excitement about the collaboration. He stated, “We are thrilled to partner with Kotak Life Insurance to provide valuable financial planning services to their customers. With our expertise in financial planning and Kotak Life Insurance’s vast customer network, we are confident that we can help customers make informed financial decisions that can positively impact their lives.”
The collaboration between Kotak Life Insurance and Aria is a step in the right direction towards providing valuable financial planning services to insurance nominees. The tie-up will not only benefit the two organizations but also their customers, who will now have access to expert financial advice to manage their lump sum payments effectively.
“We faced this problem during Covid-19. In the time of Kovid, the number of claims of all insurance companies had increased up to five times. With so many families going through their own challenges, good financial advice wasn’t easy to find. It was usually women who enrolled Insurance policies,” says Subhasish Ghosh, joint president (financial institutions, employee benefits, marketing and alliances), Kotak Life.
Two entities – Kotak Life and Aria – will be the first to launch a pilot over the next few weeks, where Kotak Life will also be involved in monitoring the process. The project will be led by Varia, an initiative by women RIAs who are part of Ariya.
