30 Years Of Covering Mumbai
Home > Business & Investment > Kotak Life Insurance Launches Preferred E-Term Plan

Kotak Life Insurance Launches Preferred E-Term Plan

Monday, January 05, 2015
By A Business Reporter

Kotak Life Insurance yesterday announced the launch of Kotak Preferred e-Term Plan, an online pure protection plan. The Plan offers life cover at very competitive rates and can be bought online at the  Kotak Life Insurance’ website.

According to the company “The uniqueness of this plan lies in its inbuilt ‘Waiver of Premium on Total Permanent Disability’ option, offered as standard feature. As per this, in the eventuality of the policyholder becoming totally and permanently disabled during the policy term, the policyholder gets a 100% premium waiver for the remainder of the policy term. This feature ensures that the policyholder’s family continues to remain financially protected at all times, notwithstanding the tremendous financial burden, total and permanent disability brings in its wake”.

The Kotak Preferred e-Term Plan offers a minimum cover of Rs 25 lakhs, and offers lower premium rates for females and non-tobacco users. It is also among the most competitively priced online term plans. For instance, it offers life cover of Rs 1 crore for as low as Rs 578 per month, inclusive of all taxes, in the case of a 30 year old healthy non tobacco user male for a 25 year term under the Recurring Payout option. The plan also offers a longer policy term of up to 40 years with the maximum age at policy expiry of 75 years (end of policy term).

Customers can choose between two payout options. The Immediate payout option, which pays off the sum assured as a lump sum on the death of the policyholder, and, the Recurring payout option, which ensures regular income to the family for 15 years after the policyholder’s death. Under the latter, the nominee can opt for either monthly payout or annual payout at the time of claim settlement. Recurring payout option is designed to take care of the policyholder’s family’s financial liabilities on a day to day basis. Recurring payout option also affords lower premium for the same cover.

Facebook
Tweet
COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:
Email:
Comments:
 
City news
Raj Purohit of BJP trapped by a TV ...
It has led to a huge scam of ...
June 26 is the International Day against Drug ...
I am a 28-year-old woman working in a multination
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Luck is on your side today. A happy and cheerful disposition makes you overcome the worst of obstacles coming in your way. There will be discussions about security and it is up to you to put your views across. You will have the support of loved ones, as they will realize that you are not being unreasonable.
Tarot for Love
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)What the cards say: Poised for a breakthrough Path: Be balanced to maximise advantage. Don’t become puffed up with pride Ally: Libra will keep up with your speed. Avoid Taurus who will be slow and irritating Card for the week: Tarot key no. VII The Chariot. Charioteer is a conqueror who brings you victory against odds. Success and achievement of high order
- Advertising -
‘As property prices are rising, so are marriage d
Baaya Design was found by Shibani Jain in 2009.
When you’re going in for a realty purchase, chanc
Read More