Now you can buy life insurance plans completely online right here.
Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.
Kotak e-Assured Savings Plan not only provides affordable protection but also helps accrue wealth for accomplishing your upcoming financial aims by giving guaranteed benefits.
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Unit Linked Life Insurance Plan
IN THIS POLICY, THE INVESTMENT RISK INVOLVED IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to withdraw/surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth year from inception.
Considering the constantly rising cost of education, fulfilling your children’s aspirations can get harder with time. In the event of a parent’s demise, the hopes of realising their dreams could be dashed. We recommend one of our most popular child plans – the Kotak Headstart Child Assure Plan.
As a unit-linked insurance plan (ULIP), it allows you to invest systematically to build a corpus for your children’s education expenses and at the same time protect their dreams from unfortunate events, such as the death of a parent.
Your regular investments can provide you with a planned corpus upon maturity of the plan, ensuring that the cost of education is never a deterrent to fulfilling your children's dreams.
In the unfortunate event of a parent's death, Kotak Life Insurance helps lessen the financial burden the child might face by providing the benefit of triple protection as follows: Your Beneficiary is paid the Life cover amount immediately to compensate for immediate loss of income. All future premiums of this insurance policy will be waived and fully paid for by Kotak Life Insurance. Policy will continue and your Beneficiary will receive the fund value of the policy at maturity.
Our seven funds are suitable for a spectrum of investors ranging from aggressive to safe. Invest in the fund option most suited for your risk-returns preference to build a corpus in a way you deem fit. Whichever the fund you choose, you can be assured that it is managed by our team of highly qualified fund managers.
To ensure that a long-term payment obligation does not hamper you from planning your finances, we offer you the following payment methods: 5 - year premium payment period for a policy term of 10 years, Or 10 - year premium payment period for policy terms of 15 to 25 years. In addition, with the option to pay annually or half-yearly, this could be an apt child plan for your children and you.
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Download the brochure to know more about the plan and how it can benefit you.
Benefits earned under this plan are in accordance with the Income Tax Act, 1961 subject to conditions as specified in those sections. You can avail tax benefits on:
Tax benefits under the policy will be as per the prevailing income tax laws and are subject to change in the tax laws. You are advised to consult your tax adviser for details.
Kotak Headstart Child Assure - UIN: 107L066V02. Form No: L066, Ref No. KLI/15-16/E-WEB/261
Reg No. 107
CIN : U66030MH2000PLC128503
2nd Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)
Insurance is the subject matter of the solicitation. This is a unit-linked non-participating endowment plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
IRDAI clarifies to public that