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
A term insurance plan is perfect for anyone who wants to buy a life cover for an affordable premium. Term insurance only pays any cover if the policyholder does not survive the term maturity date. This insurance plan is designed particularly to protect a family financially in case of the bread earner’s sudden death. There is a misconception that the term plan is perfect only for young people as they can get a longer term. However, the term insurance for seniors is becoming very popular these days. A 50 or 60-year-old person can buy a term plan for a duration of 25 to 30 years. Many insurance providers are offering term plans that are particularly designed for senior citizens.
There are many reasons why a senior citizen needs a term plan. If you are a senior citizen, here are the most important reasons to avail of a term plan
Term insurance comes with different features. Here are the ones you need to know about:
Buying term insurance for seniors has become quite easy these days because you can complete the entire process online. First, spend some time comparing the available term insurance plans to determine which one is perfect for you. You can then visit the insurer’s website and provide them with your personal information like identity, age, address, and contact details. After doing this, you can add an online payment method of your choice to complete the process. The policy provider will contact you within a few days to inform you if your application is approved. They will send you the necessary documents once the policy is finalized.
Ref. No. KLI/22-23/E-BB/492
