Kotak Life Insurance Comes With ‘Kotak Premier Life Plan’

04 February, Chandigarh

Expanding the range of life insurance products Kotak Mahindra Life Insurance Thursday announced the launch of ‘Kotak Premier Life Plan’ which is a limited premium payment and participating whole life plan aiming at providing protection and long term savings.

The Company’s Appointed Actuary and Chief Risk Officer Sunil Sharma here said the plan is completely aligned with the firms core purpose, which is to add value to lives of customers by providing Protection and Long Term Savings. It also provides insurance cover to customers up to 99 years of age.

The Plan provides Simple Reversionary Bonus during the premium payment term and customers have an option to choose from either the Cash Payout or Paid-Up Additions option at the time of entry. Under the Cash Payout option, bonuses declared under the policy are paid to the policyholder as a cash pay-out every year post the premium payment term,until end of term or death or surrender of the policy,” Sharma said.