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.