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.
Kotak e-Invest is a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and needs - be it protection; investment; financial security for child or retirement planning.
Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and insurance cover against any eventuality.
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!
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.
Our representative will get in touch with you at the earliest.
Have you ever experienced the thrill of bungee jumping? If you have, you know the excitement and adrenaline rush that comes along with it. But, imagine jumping off a 321 meters high cliff without a harness. Sounds scary, doesn’t it?
Well, our life is just like this sport and a good insurance policy is our harness. Many people take the plunge believing that they would free-fall and rebound without a scratch. While it is good to be optimistic in life, it’s always better to be safe.
By investing in an adequate policy, like a term insurance plan, you are not only gifting yourself the freedom to fly, but also ensuring that there’s always a harness in place to protect your loved ones. While a term insurance policy offers financial coverage to the policyholder for a specified period, in case of death of the insured individual, the beneficiary is eligible to receive the death benefit paid by the insurer.
Besides this financial benefit, here are some more reasons that substantiate why investing in a term insurance is no longer a choice, but a necessity.
1. Nuclear families: More and more people have started to migrate from their native places to settle down in big cities. This is mainly because of the better work opportunities and livelihood found in these urban districts. Today, with nuclear families becoming the norm, it is important to be prepared in case of any eventuality.
2. Stress leading to chronic health issues: While urbanisation has changed our lives for better, it has also increased the amount of stress. There’s performance pressure, peer pressure and innumerable goals that eventually impacts our health, and could lead to chronic health issues. If you are the sole earning member of the family, it could result in high dependancy and financial instability.
3. Road accidents: Unfortunately, road accidents have become increasingly common in India. According to a survey conducted last year, there have been more than 1.5 lakh casualties reported due to road accidents. Therefore, it is important to be safe and prepared for the future.
With the availability of advanced information and technology it has become simpler to buy a term plan online. Buying term insurance online allows you to compare prices, check added benefits and choose from multiple plan options.
The best time to invest in a term insurance online is when you are young, healthy and have lesser responsibilities on hand. Besides, doing so, also allows you to buy the insurance at a relatively lesser price and save on taxes. However, before you make an investment it is important to do your due research - check reputation and market share, understand the claim settlement ratio and cover all bases before choosing a plan that suits your lifestyle.
A term insurance plan helps you build a steady corpus of funds that serves as a financial safety net for your loved ones in your absence. With this all-important harness in place, you can continue to lead an adventurous and stress-free life!
- A Consumer Education Initiative series by Kotak Life
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