Kotak Life launches Kotak Fortune Maximiser life insurance coverage plan


Kotak Mahindra Life Insurance coverage Co. Ltd. (Kotak Life) on Monday introduced the launch of Kotak Fortune Maximiser, a restricted pay taking part endowment plan, which may be tailor-made as per buyer requirement.

Underneath the plan, prospects have the choice to decide on their premium quantity and in addition choose their premium cost time period from 6-15 years and nonetheless reap life-long advantages.

“This life insurance coverage plan will assist prospects accumulate a corpus to fulfil their bigger objectives with out the monetary burden. Policyholders can select from three bonus payout choices relying on their financial savings goal: Money Bonus (Quick Payout): Preferrred for many who wish to avail instant extra revenue that may handle common funds akin to EMIs/Payments/Charges and so on. Money Bonus (Deferred Payout): Preferrred for many who are saving for a future objective like journey, marriage, shopping for a automobile and so on,” the corporate stated.

Key advantages of the coverage are:

Selection of Plan Choices: Flexibility to select from 3 Plan Choices to fulfil your objective: Life Objective Maximiser, Vibrant Future Maximiser, Golden Years Maximiser

Selection of Payout Choices: Flexibility to select from 3 Bonus Payout Choices, Money Bonus (Quick Payout), Money Bonus (Deferred Payout), Paid-Up Additions

Life cowl until age 85 years: Safe your life until 85 years & present monetary safety to your family members

Protection for partner: Flexibility to safe your partner’s life beneath the identical plan. You additionally get excessive life cowl for females, as per the press launch.

Apart from, you get some non-obligatory riders to reinforce the coverage protection.

Mahesh Balasubramanian, MD, Kotak Mahindra Life Insurance coverage Co. Ltd., stated, “We proudly introduce Kotak Fortune Maximiser – a plan that caters to all life levels of a person to satisfy their varied life objectives. This product is true to our mission of bringing assurance to individuals’s lives and delivering worth by means of safety and long-term saving.”

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