Kotak Mahindra Life Insurance

Kotak Mahindra Life Insurance

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Kotak Mahindra Life Insurance Company

Kotak Life Insurance is one of the fastest growing insurance companies in India, covering over million lives nationwide. The company deals with world-class Indian financial services with technology and best practices benchmarked along with international lines. It satisfies customers with effective insurance products. By providing quality products, services, advice sustainable value, and ensure our customers receive excellent solutions to meet their needs. The dealings are characterized by the highest levels of trust and honesty.

Nowadays, life insurance is a one-stop solution for all the financial needs, whether it is about investment, savings, insurance cover, child’s future and much more. It will provide the required financial assistance so you would be ready to face all the emergencies easily. The long list of benefits that a life insurance offers is something that will surely attract you towards it. It offers complete safety and better options for investment. Some life insurance plans would also offer great returns, you must select the best one for yourself that can easily go well with your needs. Life insurance refers to be the most effective tool for securing the future of your loved ones. It is the best and affordable form of the same.

While you are planning everything perfectly for your life, you should also make sure that any unwanted twist or turn should not affect you and your family. To protect your family from such incidents, you should go for a life insurance plan. It is advisable to choose an adequate life insurance plan that goes well with your needs. An effective life insurance plan will put your worries away.

It is true that if you the breadwinner of your family, then your absence will make things difficult. In case you are insured, then, even in your absence, your family would be able to live a standard life as they used to live while you were present. There are some points that will help you in understanding the importance of having a life insurance plan.

Insurance will take your worries away: An effective insurance plan will offer the desired financial cover to your family so that they can easily live a comfortable life in your absence. Your absence will surely make them feel weak, but the financial support will be there to help them in every possible manner. Right from your parents to your wife and children, an effective life insurance plan will take care of them.

Financial security: An effective life insurance plan will offer additional financial security to you and your family. It will provide the needful financial coverage in the case on any unexpected events.

Insurance lets you leave an inheritance: If you don’t have anything to pass on to your heirs, then life insurance can be the effective asset that you can pass on to your family members. It is a great way to secure the future of your children and provide a complete safety to them.

Immediate expenses: Bills rapidly accumulate in the event of death. Life insurance plan is highly useful for immediate expenses that include unsettled medical bills, mortgage payments, business commitment and college expenses also.

Maintain family’s standard of living: With an adequate life insurance plan, your family can maintain the same standard of living after your demise as well. It will support a lot in the hard times.

Improves your credit rating: A right life insurance policy is referred to be a financial asset and can increase your credit score. It will help a lot when you are looking for a medical insurance or a home or business loan.

Kotak Life Insurance Plans

Online plans

Online plans are the most affordable and convenient form of buying insurance online. It helps a lot in saving a lot of time and money as well.

Online Protection Plans
Kotak e-Term Plan

Kotak e-Term Plan is a pure risk cover term plan that is truly an economical means of providing you with a high level of protection. It offers special premium rates to non-tobacco users and women.

Online Savings Plan
Kotak e-Assured Savings Plan

This Plan not only provides affordable protection but also helps accrue wealth for accomplishing forthcoming financial aims by giving guaranteed benefits.

Protection plans

Protection Plans uniquely designed to secure your family at every stage of life. Choose the one that suits you the best.

Kotak Saral Suraksha

Kotak Saral Suraksha is a low-cost term plan that helps you provide protection to your family in your absence, ensuring their financial security.

Kotak Income Protection plan

Kotak Income Protection Plan provides a Monthly Income which increases @ 6% p.a. compounding for the remaining policy term to ensure that you secure your future in advance.

Kotak Term Plan

The Kotak Term Plan is a pure risk cover plan and an economical way of providing an adequate level of financial protection.

Kotak e-Term Plan

Kotak e-Term Plan is a pure term insurance plan that provides a holistic life protection at affordable prices. Find out the eligibility criteria, key features, plan options & pay-out options of Kotak e-Term Plan online today!

Saving plans

Savings & Investment plans make sure that your money does all the hard work so that you get the opportunity to celebrate and live life to the fullest.

Kotak Invest Maxima

It is an investment-oriented unit-linked life insurance plan with maximum premium allocation and a Systematic Switching Strategy that allows you to enter the equity market in a systematic manner.

Kotak Single Invest Advantage

This unit linked insurance plan that is coupled with easy liquidity and investment strategies to suit your investment objectives, this plan ensures that your investments work for you and not vice versa.

Kotak Wealth Insurance

This plan allows you to build a corpus of money by regularly investing in the funds of your choice while ensuring that your family is well protected through a comprehensive life cover.

Kotak Gramin Bima Yojana

This plan comes out with the option of one time premium – Single Pay makes the plan more convenient. This product will cater to the needs of rural and social sector customers.

Kotak Sampoorn Bima Micro Insurance Plan

It is a single premium insurance plan with fixed term of 5 years meant for catering to the needs of low income customer.

Kotak Single Invest Plus

The plan coupled with a joint life protection cover, loyalty additions and by offering a wide array of funds ensures that your investments work for you and not the vice versa.

Kotak Classic Endowment Plan

It is a long term protection cum savings plan that offers protection benefit while earning Bonuses during the policy term. It offers protection upto age 75 years with this participating endowment plan.

Kotak Premier Endowment Plan

This plan offers a corpus for your dreams through continued bonuses. It has Guaranteed Additions in the first 5 policy years.

Kotak Assured Income Plan

This plan guarantees you an additional income every year for fixed 15 years. Premium Payment Mode: Yearly, Half yearly, Quarterly, Monthly.

Kotak Assured Savings Plan

The Kotak Assured Savings Plan enables you to accumulate wealth and strengthens your finances for the future. It not only offers you affordable protection, but also helps accumulate enough wealth to help achieve your financial goals through guaranteed benefits.

Kotak Assured Income Accelerator

It offers a unique way to get risk free returns. It ensures that you get Guaranteed Income every year on the same amount of savings and that your guaranteed income increases year on year.

Kotak Premier Moneyback Plan

It is a limited pay plan that provides lump sum payouts at regular intervals to meet your interim financial requirements and allows you to offer the best to your family.

Kotak Premier Income Plan

It provides guaranteed annual income immediately after the premium payment term to provide you with an additional annual income. It also gives accrued bonuses at the end of the policy term in a lump sum, while providing life cover throughout the policy term.

Kotak Guaranteed Savings Plan

A savings and protection oriented plan that provides ‘Guaranteed’ benefits. It allows you to enhanced protection with the help of optional riders.

Kotak Platinum Plan

It is an investment plan with nominal charges that you can customize as per your goals and requirements. With an unmatched combination of three investment strategies and flexibilities, it gives you complete control over your investments.

Kotak Premier Life Plan

It is a limited premium paying participating whole life plan, where you can choose to receive bonus payouts even after premium payment term expires.

Kotak Ace Investment

This plans allows you to accumulate wealth and offer an adequate life cover. It comes out with convenient payment options.

Kotak SmartLife Plan

A limited pay participating endowment plan that comes out with theoption either to receive cash bonus payouts every year right from the end of 1st policy year onwards to take care of interim financial requirements or utilize such cash bonuses for accumulating and creating a corpus to fulfill bigger goals and plan for a stress-free life.

Kotak POS Bachat Bima

This plan gives you the option to choose from Life and Life Plus. It has a Double protection cover on accidental death with Life Plus option with guaranteed yearly additions accruing throughout the policy term.

Retirement plans

A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments.

Kotak Premier Pension Plan

Kotak Premier Pension Plan helps you accumulate enough wealth for your retirement, while you are earning sufficiently and also offers assured benefits on death and vesting.

Kotak Lifetime Income Plan

Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!

Child plans

Child Plan offers to help you plan for your child’s dreams in advance.

Kotak Headstart Child Assure

Kotak Headstart Child Assure is a unit-linked insurance plan (ULIP) that allows you to invest systematically to build a corpus for your children's education expenses and also secure their future.

Claim Assistance

When it comes to claim assistance, one has several doubts related to it. There are numerous assumptions that people make when it comes to filing a claim. But to get the point you must have read the policy document thoroughly. Well, when it comes to Kotak Life insurance, then the entire process of filing claim became too easy. Kotak life insurance is great for settling claims. If you check the history of this company then you would come to know that its claim assistance process is very easy. It carries a good claim settlement ratio. You can directly file the claim at the portal of this organization or can do the same from this portal as well. The helpful team of the company will be there to serve you in every possible manner.

Documents Required To File Claim

As discussed above the claim process of this is simple and fast. It is transparent as well. You can file for claim anytime when you want to. The customer service of this company is one of the best in the country. Under it, you will get on time assistance that ensures complete customer satisfaction. You can call them to clear any query of yours. When you call for filing claim, you should be ready with certain information such as

Date and time of accident

Policy Number

Insured Contact Details, etc

You can also renew your policy through the same platform as well

Customer Service

The company intends to help the customers in covering their financial loss arising out of the incidence of a covered peril.

The 24 hours helpline and customer care centre are always there to help the customers avail the benefits.

Company Responsibility

The company is dedicated towards each of its stakeholders, customers, personnel, enterprise partners, Regulators, Shareholders, community in providing a non-biased and complete insurance product.

You must have a look at the a variety of plans being offered by the company as its one of the most reliable companies in the insurance sector and you will for sure find the most accurate kind of product that you were looking for.

Contact Address

4th Floor, Vinay Bhavya Complex, 159 A, CST Road, Kalina, Santacruz (East), Mumbai: 400098
Tel : 022-66057777, Fax:022-67425649/50

Kotak Mahindra Life Insurance News

Monday November 30, -0001

Kotak Life Insurance Introduces New Product In UP

On Wednesday, Kotak life Insurance announced the launch of its new insurance plan, namely Kotak Premier Life in the Uttar Pradesh.

This new insurance plan is a limited premium payment and a participating whole-life plan, that can be used for income benefits or create a tax-free corpus.

“It provides the customer with the option to protect up to 99 years of age,” company’s Chief Distribution Officer And Senior Executive Vice President Suresh Agarwal, said.

This plan also offers great discounts on premium for a higher sum assured on maturity, moreover additional discount on the lives of women policyholders. It permits partly encashment of accumulated corpus during the policy time period.

 

Thursday January 28, 2016

Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA

On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.

 “The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017,” the IRDA said.

In the last June, the government of India had informed about the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, making Aaadhar and PAN/Form 60 compulsory for getting financial services that include insurance also and asked policyholders and companies for linking the existing policies with the same.

In a discussion with all life and general insurance companies, IRDA said the rules have “statutory force” and they have to implement the rule without waiting for the further instructions.

Right now, there are 24 life insurers and 33 general insurance companies operating in the country.

Although, there are no deadlines that have been given by IRDA for the completion of the process, as per the circular, it has to be done as soon as possible. Some insurance companies also said that this can also result in the delay of payout in a few cases. Aadhaar is now also compulsory for financial transactions of Rs 50,000 and above. Likewise, one has to link one’s Aadhaar number with the mobile number latest by February 6, 2018.

Monday November 13, 2017

*Information provided on this webpage/website is only for the purpose of general information & understanding of the topic. PolicyX or any of its subsidiaries does not endorse any of the information provided herewith and are committed in providing correct and unbiased information to its customers helping them make an informed decision.