One of the leading life insurance companies in the country, Kotak Mahindra Life Insurance Company has registered unprecedented growth since it launched operations in the year 2001. Supported by a customer base of over four million policyholders in the country, the company is one of the fastest growing outlets in the insurance market.
Catering to both corporate and individual investment needs, the company is especially reputed for its meticulous claim settlement process. Additionally, it must be noted that the company is equally reputed for providing its customers a unique experience of investment through a variety of services and products. Not to mention the company’s extraordinary financial ratings as certified by some of the leading rating agencies across the board.
One of the significant reasons to go for Kotak Mahindra Life Insurance is the fact that the company is beefed up with a highly dedicated sales team. The team is especially expeditious in guiding the potential policyholder through the course of a plan, and is ever ready to effectively respond to the doubts and queries of the customers.
Plans Provided by Kotak Mahindra
The following are some of the relevant insurance plans offered by Kotak Mahindra Life Insurance.
Kotak Term Plan
- Term insurance plan is one of the most popular life insurance plans that come with especial preferential rates for women.
- Both the options of one premium payment or premium payment through the years are available for the customer.
- Also, the customer has the option to modify the term plan to any other plan as provided Kotak.
Kotak Income Protection Plan
- The plan is meant to facilitate the policyholder with a monthly income. The amount rises at six per cent per annum which will compound for the rest of the insurance period.
- If the concerned insured dies during the period of the policy, the nominee is liable to be paid in order to manage the exigent expenditures.
- Additionally, the policyholder can avail of a guaranteed minimum payout period for the income earned monthly in the first five years.
Kotak Preferred E-term Plan
- Yet another comprehensive protection plan is the E-term plan. With this plan, the concerned policyholder will get insurance by shelling out an amount of Rs. 6975.
- The policyholder is entitled to receive a waiver for all the rudimentary premiums in case of partial or total disability.
- The policyholder can pay either through recurring payout or immediate payout.
Kotak Preferred Term Plan
- Primarily aimed at women and non tobacco users, the plan is equipped with preferential rates.
- Known as step up or step down, either of the features may be availed to raise or reduce the cover, respectively.
- Apart from getting comprehensive tax benefits, the policyholder will also get protection off the cuffs by picking a particular rider.
Kotak Guaranteed Savings Plan
- As far as savings and investment plans are concerned, the guaranteed savings plan offers the policyholder the policyholder to avail of the guaranteed additions for the rest of the policy period.
- After the policy period officially terminates, the customer is entitled to claim a lump sum guaranteed by loyalty addition.
Kotak Premium Income Plan
- As far as sum assured rates are concerned, they are better directed to benefiting women.
- Apart from receiving bonuses during the period of the policy, the policyholder will also get a guaranteed annual income after the premium payment period terminates.
Kotak Premier Life Plan
- The plan gives whole life plan for up to the age of 99. Also, the concerned policyholder will be equally entitled to receiving comprehensive tax benefits.
- One of the most significant features of the plan is that it provides both revisionary bonus and cash bonus.
Kotak Single Invest Plus
- As the name itself suggests, the insurance plan comes with a single premium.
- Additionally, it is important to note that the plan gives a joint live cover. Specifically, the person deceased and the survivor are both entitled to a cover.
- Loyalty additions are available after the termination of policy.
Kotak Assured Income Accelerator
- Yet another comprehensive protection plan is the income accelerator plan. The policyholder will get a guaranteed income during the payout period.
- Apart from getting income boosters, the policyholder will also get a death benefit irrespective of the payment of the guaranteed income.
- The policyholder will also receive a guaranteed maturity benefit with the last payout.
Kotak Premier Pension Plan
- One of the most comprehensive, transparent and relevant retirement plans is the Kotak Premier Pension Plan.
- Facilitated with a comprehensive retirement package, the policyholder will get guaranteed additions during the first five years.
- The policyholder will also get a bonus and an assured benefit after the fifth year terminates and the sixth year of the policy begins.
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