Kotak Life

Life Insurance, Savings & Investment Plans by Kotak Life Insurance

Kotak Mahindra Life Insurance Company Limited is one of the leading life insurance providers in India, established in 2001. It offers a wide range of insurance products to cater to various needs, including protection, savings, investment, and retirement plans¹².

Types of Plans

1. Term Insurance Plans:
   • Kotak Term Plan: Provides high life cover at affordable premiums, with options for additional riders like critical illness cover¹.
2. Unit Linked Insurance Plans (ULIPs):
   • Kotak Ace Investment: Combines investment and insurance, allowing you to invest in equity, debt, or balanced funds while providing life cover¹.
   • Kotak Wealth Insurance: Offers flexibility in investment options and life cover, with loyalty additions and wealth boosters¹.
3. Savings and Investment Plans:
   • Kotak Guaranteed Savings Plan: Provides guaranteed returns along with life cover¹.
   • Kotak Assured Income Plan: Offers a combination of lump sum payouts and regular income¹.
4. Child Plans:
   • Kotak Headstart Child Assure: Helps secure your child’s education and future goals with lump sum payouts or regular income¹.
5. Pension Plans:
   • Kotak Premier Pension Plan: Provides regular income post-retirement to ensure a comfortable life¹.
   • Kotak Lifetime Income Plan: Offers immediate regular income for life after a lump sum investment¹.

Key Features

• Flexibility: Options to choose the policy term, premium payment term, and premium payment frequency¹.
• Tax Benefits: Premiums paid and benefits received are eligible for tax deductions under Section 80C and 10(10D) of the Income Tax Act¹.
• Riders: Additional benefits like critical illness cover, accidental death benefit, and waiver of premium on disability¹.

How to Buy

You can purchase Kotak Life Insurance plans online through their official website¹, or through authorized agents and brokers. They also offer customer support to help you choose the right plan based on your needs.