You want to see your family secure and happy at all times. However, life is unpredictable. To protect your loved ones from the uncertainties of life should anything unfortunate happen to you and ensure that they are able to cope with the financial obligations, Kotak Life Insurance has designed the Kotak Term Plan. Kotak Term Plan is a pure risk cover plan that is truly an economical. Kotak Term Plan is a non-participating plan with NO maturity benefits payable.
Key Features:
Eligibility: entry age, Min18yrs, max 65 yrs.
Term: Maximum of 30 yrs, and a Minimum of 5 yrs.
Sum Assured: Minimum of Rs:5 lakhs.
Maximum of Rs:24, 99,999/-
Plan Conversion Option: You may convert your Kotak Term Plan to any other plan offered by Kotak Life Insurance (except for another term plan).
You have the premium payment options of single and regular pay.
Rider benefits Kotak Accidental* Death Benefit (ADB), Kotak Permanent
Disability Benefit (PDB), Kotak Critical Illness Benefit (CIB).
Tax Benefits: under Section 80C and Section 10 (10D)
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Your family is very precious to you and you want to see them secure at all times. Kotak Preferred Term Plan is specially designed to give that protection to your family. Kotak Preferred Term Plan is a pure risk cover plan that is truly an economical means of providing you with a high level of protection. Kotak Preferred Term Plan offers special premium rates to NON-TOBACCO users and WOMEN. In the event of death of the life insured during the term, the beneficiary would receive Death Benefit (Immediate OR Recurring*) as per plan option selected.
Key Features:
High level of protection at a nominal cost
Two death benefit payout options,
i.e. Immediate Payout or Recurring* Payout
Step up / Step Down options to increase / decrease cover
Maximum term of 40yrs Or up to age of 75, whichever is
earlier.
Flexible premium payment options.
ie. limited premium payment, pay 5/7/10 yrs options are
available.
Customize protection through available riders
Tax benefit on premiums paid u/s 80(C) and benefit
received u/s 10(10D) subject to tax laws
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You are your family's primary source of income and your continued presence ensures their comfort and well-being. However, life is unpredictable and your absence will not only result in an emotional trauma but will also place your family under considerable financial duress. .
Key Features:
Low Cost Insurance
Choice of Policy term of policy term
Convenient Premium Payment Options
Easy Sign Up
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