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.
The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.
Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!
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There is no greater myth than the fact that housewives add no financial value to the family. Imagine, what would happen to a home, if there was no one to take care of it. The earning member would need to employ caretakers, maids, nannies, etc., to ensure the kids and home are in order and cared for.
While it is difficult to estimate a housewife’s monetary contribution directly, it is possible to compensate her for her efforts by securing her life. Moreover, given the stagnancy in incomes and rising lifestyle expenses, it is wiser to double the financial security of the family by opting for a term plan for your wife. Term plan would assure the financial well-being of your loved ones, in case something happens to you or both of the parents.
Why should housewives buy term plans?
With family, come responsibilities. Married couples should be financially ready for the future with an additional layer of monetary security for their loved ones. This will help the dependents, especially kids, sustain their lifestyle without any shortage of funds. The term plan of the earning spouse can be used to provide for major expenses. The housewife’s term plan can support children education costs, health-related expenses, etc., in case of any unfortunate event.
What are the benefits of buying a term plan for your housewife?
What should you check before buying a term plan for a housewife?
Firstly, check if the sum assured is sufficient to protect your loved ones in case of an unfortunate event. Consider the family expenses, children education plans, loans, and liabilities, to decide the term plan amount.
Secondly, trust a reliable insurance provider like Kotak>Life, which has a high claim settlement ratio and guarantees a smooth claim settlement so that you or your kids do not suffer. Moreover, Kotak e-Term Planis specially designed to provide 100% assurance of your loved ones safety at premiums that easily fit your budget. Kotak e-Term plan offers long-term coverage with benefits like add-on riders, flexible payouts, multiple plan options, etc.
Term plans are a much-needed security in the present times. Make them a priority and double the safety net of your family.
- A Consumer Education Initiative series by Kotak Life
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