Kotak Term Plan:

In today’s world of sickness, road accidents, earthquakes, floods, tsunamis, and other calamities, you cannot foretell the future.  You cannot say for sure if you will be alive tomorrow. 

So that is why it is always wise to secure you and your family against any loss by buying a life insurance policy which will take care of your loved ones financially even in your absence.

The benefits you can obtain by buying a Kotak Term Plan,
Is that since it allows you to pay a very minimal premium, this is a plan which can be bought by even the lower sections of the society.  In that way, it is affordable to many.

There are special benefits which are available in the plan which are given for women or nontobacco users who buy this policy are given the facility of payment of lower insurance premium than the others with a high life cover with the premium that can go up to twenty five lakhs.

You can choose how you want to pay your insurance premium.  Either you can pay it at regular intervals, or you can pay your premium in a single payment or you can restrict your payment for a certain number of years. 

This is called the limited premium payment and you can choose this option if you have any plans of changing your policy after a certain period of time.

You are given the availability of four payment choices.  Either you can pay your premium annually, half yearly, quarterly, or monthly.  This plan offers the death benefit by which in the event of your unfortunate death, your nominee is eligible to receive the sum assured.

Five years before your policy ceases, you are given the option of changing from the term plan to any other Kotak life insurance plan if you wish to do so.

There are also three riders available to you if you are paying your premium on a regular interval basis.  They are the Accidental Death Benefit, Permanent disability benefit, and the Critical Illness Benefit rider.

You can enjoy the benefits of any of these riders if you have opted for them at the time of buying the policy.

A person who wants to secure his/her family financially, at a low cost, Kotak Term plan is the best option for you, since it offers life cover at an affordable price.