Kotak Gen2Gen Protect
Kotak Gen2Gen Protect is an industry first protection plan that covers two generations under one plan. With Kotak Gen2Gen Protect you're covered until the age 60/ 65/ 70/ 75 years (as per your choice), after which you get back 100% of your premiums. The plan also offers the flexibility to seamlessly transfer the sum assured to your child at no extra cost@. Now pass on the legacy of protection with Kotak Gen2Gen Protect. One plan's security that ensures two generations' safety!
Kotak Gen2Gen Protect is an industry first term plan that covers two generations under one plan. With Kotak Gen2Gen Protect you're covered until the age 60, after which you get back 100% of your premiums. The plan then seamlessly transfers to your child at no extra cost @. Now pass on the legacy of protection with Kotak Gen2Gen Protect. One plan's security that ensures two generations' safety!
Legacy ROP
Get 100% of your premiums back at the age of 60/65 years
Seamlessly transfer the life cover to your child at no additional premium
Additional Death Benefit of 5% applicable for Female Lives
Life ROP
Get 100% of your premiums back at the age of 60/ 65/ 70/ 75 years
Additional Death Benefit of 5% applicable for Female Lives
Enhance your insurance with appropriate rider options
Key Features & Benefits
Cover two generations
A single policy that covers you and your child.
Return of Premiums
Get back all premiums at maturity.
Multiple plan options
Choose between Legacy ROP and Life ROP.
Wellness Benefits
Enjoy added wellness benefits.
Enhanced Protection
With critical illness, accidental death cover, and permanent disability cover.
Tax Benefits^
As per the Income Tax Act, 1961.
Additional Protection with Optional Riders
Accidents can disrupt your plans and finances. This rider secures your family's future in case of accidental death and provides an additional sum assured.
With Kotak Gen2Gen Protect you can also add on a critical illness rider that provides coverage for certain life-threatening diseases. The payout covers your treatment cost or the loss in income resulting from the disease.
Accidents may leave one temporarily or permanently disabled. With the disability rider on a term plan, your future premiums are taken care of besides offering financial support for your family.
Why Choose Kotak Life?
5 crore∞
Happy Lives Secured
1 lakh+Θ
Trusted Agents
98.29%#
Claim Settlement Ratio
292
Branches as on 31st Mar, 2024
Frequently Asked Questions
Kotak Gen2Gen Protect is one of its kind term plan that offers you a life cover that can be passed to your children.
There are 2 plan options under Kotak Gen2Gen Protect. Legacy ROP and Life ROP.
Definitely! Everyone should buy a Kotak Gen2Gen Protect term insurance, especially, if you have children. Your life cover can be passed on to your children after you and you can receive your premiums back.
Legacy ROP is an option that allows you to pass on your life cover to your children. After that, you can receive a return of premium too which is an added advantage.
Life ROP is like a regular term insurance where you get a return of premium on your survival till maturity.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS.
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Kotak Gen2Gen Protect - UIN: 107N132V01, Form No: N132, Kotak Permanent Disability Benefit Rider - UIN: 107B002V03, Form No.: B002, Kotak Critical Illness Plus Benefit Rider - 107B020V01, Form No.: B020, Kotak Accidental Death Benefit Rider - UIN: 107B001V03, Form No: B001. This is a Non-Linked Non-Participating Individual Savings Life Insurance Product. For sub-standard lives, extra premium may be charged based on Kotak Mahindra Life Insurance Company’s underwriting policy. This product offers two plan options: Life ROP and Legacy ROP. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on riders please read the Rider Brochure. @On opting Legacy ROP option, this plan provides life cover to the parent & after that to the identified child up to the specified age.
^Tax benefit is applicable as per the Income Tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.
θFigures arrived are basis the data published on the Life Insurance Council online portal - https://www.lifeinscouncil.org/industry%20information/individual_agents_data.aspx for Individual Agents of Kotak Mahindra Life Insurance Company Limited as on April-2024
Kotak Mahindra Life Insurance Company Ltd. Regn.No.:107, CIN: U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C-12, G-Block, BKC, Bandra (E), Mumbai-400 051. Website: https://www.kotaklife.com/ |WhatsApp: 9321003007 | Toll Free No.: 1800 209 8800. Ref. No.: KLI/24-25/E-WEB/258
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