Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and insurance in one premium.
Kotak Lifetime Income Plan
Retirement years are the golden years of life.
Our representative will get in touch with you at the earliest.
Ref. No. KLI/22-23/E-BB/492
Term insurance plans are pure protection plans. However, they aren’t just a financial liability, they are in investment in your family’s security. Visit now to know more!
When it comes to investing your money, the first question you ask is ‘What is the return?’. And while some investments might offer generous returns, others might not give significant monetary returns but offer many other unparallel benefits, necessitating their purchase. One such investment is a term insurance plan. Some might think of a term plan as an expense since it is pure insurance cover with no investment returns. However, when you look at the other side of the coin, it is a comprehensive insurance shield that exclusively protects your precious life.
What is term insurance?
term insurance plan offers life cover for a specific tenure, in return for premiums paid for the policy. In case, the policyholder dies within this policy period, the nominee or the family of the policyholder receives the death benefit.
Term policies only offer protection against uncertainties and do not provide any return on investment or a cash-value benefit since they are pure protection plans. For example, if you take a term plan for 15 years at the age of 20 with a sum assured of ₹ 30 lakhs. You would be paying regular premiums for 15 years, and if unfortunately, you die at the age of 35 or before, your family will get financial security in the form of ₹ 30 lakhs. This will help them manage their expenses and maintain their standard of living in your absence.
But if you outlive the term of the insurance, there is no cash-value offered. This raises several questions, such as:
However, all questions are answered by term plan benefits.
What are the benefits of a term plan?
Term plans offer:
The future is unpredictable. You might not want to think of death, accident, disability, a major illness, etc., but you must plan for the security of your family in your absence. Trust Kotak Life Term Insurance Plans to stand with your loved ones during tough times. These plans offer long term financial security at affordable and flexible premiums to safeguard your loved ones future.
Ref. No. KLI/22-23/E-BB/2435
