Kotak e-Term Plan
Protect Your family’s financial future with Kotak e-Term Plan. Know more
Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family. Know more
Kotak Guaranteed Savings Plan
A plan that offers long term savings and insurance in one premium. Know more
Kotak e-Invest
Insurance and investment in one plan with Kotak e-Invest. Know more
Kotak Health Shield
Insurance against medical expenses related to heart, brain, liver and Cancer. Know more
There are a number of choices that one has to make while buying Health Insurance. One such choice to make is whether to invest in a short-term policy or in long-term insurance plans. Such a decision is important as it helps determine the allocation of your finances and expenses in a given period of time. Above all, it is of utmost importance to make an informed call regarding financial tools.
Your choice should be made depending on the kind of requirements you and your family have and the time period for which you want to avail these benefits. Having an idea about these things will help you settle on an ideal premium amount as well. As for the kind of term period that will be suitable for you, let us read on.
Short-term insurance plans are the way to go if you are
Some essential features of this plan are as follows.
It is interesting to note that many people got short term insurance plans during the Covid-19 pandemic and continue to do so even now to keep themselves covered against the virus. Back in 2020, the Covid specific plans were not renewable, but now, they are. Basically, short term insurance policies are a great way to get yourself covered if you have specific short term requirements.
Some critical features of long-term insurance plans are as follows -
Apart from these, there are also smart term plans today which are customized to fit your needs! You can pick and choose from a variety of benefits and add the ones offered by your insurer. This will enable you to tailor a plan based on you and your loved ones’ needs and requirements. Frankly, buying insurance has become a lot easier today owing to the various facilities that banking and insurance companies offer to us. Now, whether you need a short term plan or a long term one, that is up to you. The main takeaway here is that insurance is important for everybody. So, if you don’t have one yet, invest today!
Ref. No. KLI/22-23/E-BB/492
