Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) today announced profit growth of 109 per cent. Profit after tax for FY 2011-12 stood at ` 211 crores, up from Rs. 101 crores the previous year. The Company has wiped out all its accumulated loses and added Rs 51 crores to its net worth which now stands at Rs 613 crores.