Kotak Term Plan
vs
Family Income Protector Plus Plan
- Affordable Premiums
- Multiple plan options to choose from
- Flexible premium payment options
| PLAN DETAILS |
271-1728629552.webp){kind=logo} Kotak Term Plan |
 Family Income Protector Plus Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 70 years | Maximum Maturity Age - 75 years |
| Plan Sum Assured | Basic Sum Assured: ₹3L to ₹25L | Basic Sum Assured: ₹14L to ₹1.4Cr. |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 25 years Maximum Age - 60 years |
| Plan Payment modes | Single, Yearly, Half-Yearly, Quarterly and Monthly | Annual, Semi-Annual, and Monthly |
| Plan Policy loan | The policy loan is not available under Kotak Term Plan. | The policy loan is not available under PNB Metlife Saral Jeevan Bima. |
| Plan Sample Premium | Rs 530-/ per month | Rs 511-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 5 years Maximum term - 30 years | Minimum term - 10 years Maximum term - 20 years |
| Claim Settlement Ratio (2023-24) | 98.82 | 99.2 |
* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.
Kotak Term Plan is a non-linked non-participating individual pure protection life insurance plan that acts like a safety shiеld for your family's financеs. The plan offers its policyholders flexible premium payment options, Policyholders can choose to pay their policy premium through single pay, monthly, quarterly, half-yearly, or in annual installments. Kotak Term Plan is a nominal cost insurance plan that also offers a plan conversion option and additional protection in the form of optional riders. In this article, we will outlinе all the features and advantages of the Kotak Term Plan.
Kotak term Plan offers you a range of benefits including:
You can add the following riders to your Kotak Term Plan:
Get an extra payout if you are diagnosed with 37 covered critical illnesses.
In case the policyholder gets permanently disabled due to an accident, benefits are paid under this rider.
In case of the policyholder’s demise due to an accident, additional benefits are paid to their nominee along with the basic plan cover.
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With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.
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