As per their features and benefits, the Life Insurance Policies from Kotak can be purchased as savings plans, protection plans, investment plans, endowment plans, child plans, and so forth. If you search more, you will also come across Kotak group plans and other exclusive online insurance plans for your cause.
This article will help you buy the best Kotak life insurance plans online. Remember to invest a good time in due comparison of metrics like premium amount, the tenure of policy, ease of claim settlement, maturity benefits, death benefits, etc. before taking a call.
Why Kotak Life Insurance Policies Are so Popular
The life insurance plans on offer by Kotak Mahindra are gaining more and more credence with each passing day. Some important reasons behind their popularity are:
1. High claim settlement ratio
The primary reason behind the enviable success rate of Kotak LIPs can be attributed to their high claim ratio which is 91% for 2016-2017. Arguably, they boast of having the highest claim settlement ratio in the wide-spread life insurance industry in India.
2. Plans for one and all
The policies offered by the Company are credible and investment-worthy for risk takers and conservative insurance buyers alike.
3. Sound returns
It pays to compare and buy Kotak life insurance plans that allow you to save and get adequate returns across your lifetime. Shortlist and compare the features of life insurance plans that offer sound maturity and death benefits, loyalty additions, cashback of premiums, bonus on investments, etc. to get the most for your savings.
Kotak Life Insurance Policy Alternatives
When you go about the task of comparing Kotak life insurance plans, you will find that they can be categorized into varied broad groups. You may like to check out the plans of your choice on insurance comparison sites like Coverfox.com.
1. Kotak Life Term Insurance or Protection Plans
The protection plans from Kotak are designed to offer widespread financial independence and security to the beneficiaries of the insurance holder.
The various plans in this category include the Kotak Income Protection Plan, Kotak Preferred e-Term Plan, Kotak Saral Suraksha, Kotak Preferred Term Plan, and the regular Kotak Term Plan.
2. Kotak Life Insurance Savings plus Investment Plan
These Kotak life insurance policies help insurance holders engage in secure investments and safeguard their hard-earned money simultaneously. There is a plethora of such LIPs on offer by the company.
The most noted among them include Kotak Guaranteed Savings Plan, Kotak Premier Income Plan, Kotak Premier Life Plan, Kotak Single Invest Plus, Kotak Sampoorn Bima Micro-Insurance Plan, Kotak Assured Income Accelerator, and so forth.
3. Kotak Life Insurance Plans for Children
Kotak provides diverse life insurance child plans with adequate coverage and financial benefits. The plans are suitable for people planning in advance for their kids’ education, career, marriage, and other life milestones.
The most significant policy in this category is the Kotak Headstart Child Assure that helps you create a corpus maturity fund for aiding your child’s education.
4. Kotak Life Insurance Plans for Retirement
You may be financially independent today, but once you retire, you will be requiring a steady monthly income to keep you and your dependent family members going. Kotak offers a wide range of retirement plans with impressive benefits.
The plans that are most popular in the lot include Kotak Premier Pension Plan, Kotak Lifetime Income Plan, Kotak e-Lifetime Income Plan, etc.
5. Kotak Life Insurance Group Policies
Kotak provides LIPs for aiding people who belong to a specific organization or group. For instance, employees attached to a specific business house.
Some of the best-designed group insurance plans by Kotak include Kotak Group Secure One, Kotak Group Secure, Kotak Gratuity Plus Group Plan, Kotak Leave Encashment Group Plan, Kotak Secure Return Superannuation Plan, Kotak Secure Return Employee Benefit Plan, and so forth.
Why Opt for Kotak Life Insurance?
Kotak Life Insurance ranks high on the list of life insurance providers in India. Get set to enjoy a life ridden with financial security, assurance for your savings, sound investment benefits, and better emotional well-being.
Do log on to Coverfox.com to compare life insurance plans for people of different age groups and income brackets – Kotak Life Insurance offers it all!
