Kotak e-Term Plan
Kotak e-Term Plan provides a high level of protection to your loved ones in your absence.
Kotak E-Invest Plan
Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs.
Kotak Guaranteed Savings Plan
Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and provides an insurance cover against any eventuality.
Kotak Lifetime Income Plan
Kotak Lifetime Income Plan gives you the security of your income continuing thru your life and in your absence throughout your spouse's lifetime!
Kotak Health Shield
Kotak Health Shield Plan helps secure your finances in sudden medical expenses such as Cardiac, Liver, Neuro, and Cancer (all early and significant illness stages/conditions of cancer), along with offering protection for personal accidents - in case of accidental death or disability.
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Ever thought of gifting a term insurance plan to your family? Yes, this is a new gifting trend that is all about empowering loved ones with financial stability and security, especially considering the woes brought in by the current pandemic. Keep reading to know more.
You have purchased loads of gifts for your family. Unfortunately, most of them have either been used and exhausted or maybe lying safely in closet drawers. Why not gift something that will secure the future of your family members? And considering the ‘new normal’, steered forcefully by the coronavirus, a new gifting idea is the need of the hour.
Gift Term Insurance Plan to Your Loved Ones
Gone are the days when we used to save for rainy days. With the world overcast with Corona clouds, savings must go for rejigging as a term insurance plan. The policyholder will be paying a reasonable premium for a certain sum assured that will go to his family - in case of his untimely demise.
One of the direct benefits of gifting a term plan is ensuring a fiscal shield for your family. In case of any unfortunate turn of events, their happiness will not be marred by loans, debts due to the absence of primary income.
The regular income of the family’s sole earner is the family’s scaffold. A term plan will diffuse the brunt of losing primary income, and there will be regular income for the decided period (under a recurring payout) or a lump sum of money. This will provide great cushioning to bear day-to-day expenses and to maintain the living standards as usual.
Most of the insurance term plans offer riders that cover the ccritical illnesses and disabilities of the policyholders. A small escalation in premium can protect from many critical diseases without denting the savings. The selected insurance providers are even covering covid fatalities in their term plan policies.
Choose the gift of an insurance term plan that has a well-thought cover amount. Here are few tips to help you decide on the right cover.
Show your financial preparedness by gifting a term plan to your family. With so many benefits available why delay gifting a term insurance plan for whom you care. Buy a suitable term plan while you are young to avail lower premiums and higher coverage. Pray, this gift never gets used by your family. If a calamity strikes, this gift will prove out to be the saviour and provide a stable financial corpus.
- A Consumer Education Initiative series by Kotak Life
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