Standalone Highlights Q4FY22

Kotak Mahindra Life Insurance Individual New Business Product cr FY22 FY22 Mix* Indian Embedded Value (IEV)* 10,679 Participating Products 33.5% Value of New Business (VNB) * 895 Non-Participating Products 38.7% VNB Margin (%)* 31.1% ULIP 27.8% Highlights Channel Mix Bancassurance Agency & Others Persistency FY22 51% 49% Embedded value grew by 8.2% while VNB grew by 29.5% Feb 22 For 13th month 82.4% ■ Individual Conservation ratio: 89.4 % For 25th month 75.2% Share of Protection Premium as percentage of For 37th month 65.9% Total New Business Premium: 32.9% For 49th month 62.1% ■ Claims settlement ratio For 61st month 51.5% Individual 98.82% Group - 99.58% *Computed based on the principles prescribed by APS10. The methodology, assumptions and results have been reviewed by Willis Towers Watson Actuarial Advisory LLP #Based on Individual New Business Premium APE: Annualised Regular Premium + 1/10th Single Premium ~For Individual business, excluding single premium and fully paid up policies 18

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