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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:
| PLAN DETAILS |
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Kotak Term Plan |
Pos Saral Bachat Yojana |
* 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.
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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