Kotak Life Insurance-Policy Reviews and Premiums

About Kotak Life Insurance Company

Life insurance is a crucial and long term investment that will allow your family or dependents to live with some sense of financial security in your absence. It is thus vital to choose a life insurance partner with care and adequate research. Kotak Life Insurance is one such company that could provide various reliable life insurance policies.

Kotak Life Insurance is a company that has a large pool of resources and strong investment forte, making it a big player in the life insurance business. Kotak Life Insurance is a joint venture between Kotak Mahindra Bank and Old Mutual Plc of South Africa, which is one of the biggest insurance service providers in the world. It is capable of providing a range of investment and risk management alternatives for its investors. Kotak Life Insurance has various policies to suit individual needs and provide lucrative returns.

Kotak Life Product Portfolio

Here’s a list of the kind of policies that Kotak Life Insurance has to offer:

(a)    Term Plans: Term Plans, as the name suggests, are for a specific term or period of time. Usually the term is 5,10,15,20 years and so on. It’s a no frills plan and provides a said insurance cover for the term it is taken for. The advantage of a term plan is that it has low premium in relation to the sum assured it provides. This makes it easy and affordable to anyone to have a sufficient life cover. Kotak life has the various term plans to suit individual needs. There’s a Kotak Saral Suraksha that has an option to cover 5 to 10 years of your life and can be increased later, has a low premium and life cover starts from second policy year itself. Kotak Term/Preferred Term Plan has the similar features but higher term of life insurance and an option to switch to any other policy of Kotak Life later, offers discounts for non-tobacco users and women. A similar variant is called the Kotak e-Term/e-Preferred Plan that can be bought online directly. And there’s the whole life plan insuring you up to the age of 99 years with additional benefits of lump cash benefits called Kotak Eternal Life Plan.

(b)   Savings and Investment Plans: These plans provide life cover along with fluctuating or guaranteed returns on investments. These are unit linked insurance plans or ULIPs that invest a certain amount of your premium paid in equity or debt markets, according to your choice of plan taken. They have tax benefits like all Life insurance products and give you returns on investment as well. Kotak Life has plans like Kotak Invest Maxima, a regular ULIP plan, Kotak Assured Income that as its name provides guaranteed returns on your investments, Kotak Platinum which offers low costs and a choice of 8 funds and loyalty bonuses, Kotak Single Invest Advantage in which you pay a single premium and enjoy life cover and returns for your policy term, Kotak Ace Investment offering a wide range or fund options as per your risk appetite and withdrawal options, Kotak Wealth Insurance that provides long term protection and returns, Kotak Money Back plans that will give a certain periodic lump sum  during your tenure of insurance, Kotak Endowment Plan that will provide bonus along with sum assured on maturity of plan, Kotak Premium Return Plan that gives savings and life cover, Kotak Jeevan Surakshit plan that will proved long term insurance solutions.

(c)    Retirement Plans: These plans provide you with assured returns after a certain age in your life, thus ensuring regular flow of income even when you are retired, making your golden years secure and financially independent. Kotak Life offers Kotak Life Income Plan that will provide a particular amount every month after a certain age as decided while taking the policy. Kotak Capital Multiplier plan which will provide returns along with the option of cash withdrawals and increasing your invested capital at the same time.

(d)   Children’s Plans: Child plans are the ones that you invest for the future of your children to plan and meet the financial goals which would help for educational and other future needs. Kotak Child Future Plan would provide cash benefits at specific intervals to meet the various milestones in your child’s life. Kotak Child Edu Plan will ensure you to start saving today to meet your child’s education costs in the future, Kotak Child Advantage Plan will help you to meet your financial needs to ensure a better future for your child and Kotak Headstart Child Assure will enable you to build a corpus for your child’s future no matter what the uncertainty or eventuality is.

Along with the above mentioned Individual insurance plans, Kotak Life also has a plethora of Group Insurance plans to meet your business and corporate needs such as Kotak Group Shield, Kotak Group Assure, Kotak Term Group Plan, Kotak Credit-Term Group Plan, Kotak Complete Cover Group Plan, Kotak Gratuity Group Plan.

Kotak Life Insurance Management Team

The company is rising on the success ladder under the guidance of:

Mr. Gaurang Shah: Director of Kotak Life Insurance.
Mr. Pankaj Desai: Managing Director of Kotak Life Insurance.
Mr. G Muralidhar: CEO of Kotak Life Insurance
Mr. Sudhakar Shanbag:  CIO of Kotak Life Insurance.
Mr. Andrew Cartwright: Appointed Actuary of Kotak Life Insurance.

 Quick List of  Kotak Life Insurance plans

Now, a question in your minds would be about the premiums for these plans. Well firstly we must understand that the premiums cannot be fixed at a certain rate simply because it depends on factors such as the age of the applicant, the medical condition, the type of plan required, the tenure of insurance etc. However, this does not mean that buying insurance would be expensive preposition. Kotak Life Insurance has plans starting from as low as Rs. 199 a month. So best would be to get in touch with your investment advisor and ask for a Kotak Life Insurance plan that suits your requirements.

Kotak Life Contact Information