BUSINESS

Kotak Life declares 7 p.c. bonus for 2005-06



CHENNAI: The board of directors of Kotak Mahindra Old Mutual Life Insurance Ltd. has declared a total return of 7 per cent, including a 4 per cent bonus, on its participating contracts for the year ended March 31, 2006, against 6.75 per cent in the previous year, says a release from the company.