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Kotak e-Term Plan

Kotak e-Term Plan provides a high level of protection to your loved ones in your absence. Know more

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. Know more

Kotak E-Invest

Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs. Know more

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. Know more

Kotak Lifetime Income Plan

Kotak Lifetime Income Plan gives you the security of your income continuing throughout your life and in your absence throughout your spouse's lifetime! Know more

Do Your Financial Planning with Life Insurance!

Do Your Financial Planning with Life Insurance!
  • 19th Nov 2019 |
  • 2,774

Securing the financial future of your family is a priority. You can live your life to the fullest and chase your dreams without a worry only when you know that your loved ones will be taken care of after you. This is why financial planning with life insurance should be an integral part of your monetary goals.

The earlier the better

Buying the life insurance policy early has various benefits. Firstly, when you are young and healthy, insurance companies offer you an affordable premium. Secondly, by getting the policy early, you allow your money to grow into a substantial corpus.

An integral part of financial planning

The life insurance policy is designed to provide monetary aid to the nominees of a policyholder if he or she passes away before the policy tenure is over. This makes the policy an important aspect of any financial plan. It secures the future of your loved ones.

The purpose of life insurance

The importance of life insurance is immeasurable. Every earning family member must realize that his or her dependents will fall into a financial crisis in case of an unfortunate event like death. To secure their financial stability, a life insurance plan can be used as a protective product.

  • Protecting the family
  • In life, there is nothing more important than your loved ones. As a responsible family member,you need to do everything in your power to protect them from all financial constraints. A life policy can help with this.

  • Savings and investment
  • Depending on the type of life cover you buy, the life insurance policy can provide you with the opportunity to use it as a savings product. The premiums you pay towards the policy build a sizable wealth. You receive the lump sum when the policy matures.

  • Eliminate any risk against your debts
  • The untimely death of the breadwinner of a family is devastating. One of the most challenging things the surviving members face is the liability to repay the debts. If you have a life insurance plan, the death benefit received from it can be used to pay off the debts.

  • Meet long-term financial goals
  • Undoubtedly, you have many long-term life goals like buying a home, providing high-quality education to your children, and living a comfortable retired life, among others. When you invest in a life policy, you make sure of a lump sum return,which can be used to meet those goals.

  • Tax-saving
  • Under Section 80C of the Income Tax Act, 1961, the premium paid towards your life insurance plan is tax-deductible. Moreover, the proceeds that you receive from your policy come with tax benefits under Section 10 (10) D. These tax benefits make investing in a life policy even more fruitful.

    You cannot build a happy and fulfilling future without proper financial planning. You have to set clear goals for your family’s financial security. A life insurance policy safeguards these goals by offering financial aid when you most need it.

Invest in Term Insurance and Save Tax

Kotak e-Term Plan

Features

  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492

T&C

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