Ex-Servicemen Welfare Department signed agreement with private sector to generate employment

Tags: National News

The Directorate General of Rehabilitation (DGR), Department of Ex-Servicemen Welfare under the Union Ministry of Defense signed a Memorandum of Understanding (MoU) with M/s Kotak Mahindra Life Insurance Company Limited on June 12, 2023 in New Delhi.

An Overview of the News:

• The objective of this MoU between DGR and the Company is to bring Corporate Companies and Ex-Servicemen on a common platform to generate employment opportunities for the respected Ex-Servicemen retired from Defense Services.
• This partnership will provide greater visibility for ex-servicemen to the industry and corporate world and help in achieving the objectives of providing skilled manpower and providing a dignified second career to ex-servicemen.

M/s Kotak Mahindra Life Insurance Company Limited:

• Mahindra Kotak Life Insurance, a 100% subsidiary of Kotak Mahindra Bank Limited, was established in 2001.
• Kotak Mahindra Life Insurance is one of the fastest growing insurance companies in India with over 34.8 million life insurance covers across the country as of December 2021.