Kotak e-Term Plan
Kotak e-Term Plan provides a high level of protection to your loved ones in your absence.
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 E-Invest
Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs.
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.
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!
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
