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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.

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