Why Kotak Mahindra Life Insurance – Know The Plans And Benefits

Kotak Life insurance is a private life insurance company in India. At the present date, the company caters to more than fourteen million customers. Also, the company has 232 branches across various cities in the subcontinent. Kotak Life has an agency potency of over ninety thousand agents.

Benefits of the Kotak Mahindra Life Insurance

As far as the customer benefits of Kotak life is concerned, it is important to note that it is one of the quickest growing organizations in the insurance sector today. At present, Kotak life has a total of more than three million policyholders across the Indian subcontinent.

A very significant feature of the Kotak life is that its portfolio is facilitated to be able usher the customer to the most lucid and comprehensive insurance policy. According to the range of subjective investments, Kotak life ensures efficient solutions for both individuals and group entities.

Apart from the aforesaid features, the company also has the best claim settlement ratio in the industry. The company offers assistance in a number of fields that include savings and investments instruments, protection plans, child plans, or even superannuation policies. Therefore, it is due to the fact that Kotak Life is the most comprehensive outlet pitched to provide for long term goals, the proficiency of the company can be assured.

Kotak Mahindra Protection Plans

So far as the Kotak Mahindra Protection Plans are concerned, following are the various significant plans offered by the company:

• Kotak Saral Suraksha: The said plan, it is important to note, is valid for a tenor of five years or ten years. It is a quintessential term plan with premiums that are considerably affordable.
• Kotak Preferred Term Plan: So far as this plan is concerned, it chiefly offers two death benefit payout options. One is popularly known as the Recurring Payout and the other, Immediate Payout. Apart from this, it also offers rates for female customers and non-smokers.
• Kotak Preferred e-Term Plan: It is chiefly a protection plan that offers a significant standard of protection for a price of Rs. 6975 per annum.
• Kotak Term Plan: So far as Kotak term plan is concerned, it also caters to female customers while offering them a significant standard of protection at prices that are considerably feasible.
• Kotak Income Protection Plan: Chiefly it offers a monthly income that augments at six percent per annum. Apart from this, the plan also offers a lump sum amount to guarantee the family of the insurer has enough funds to use even in the absence of the concerned insurer.

Kotak Mahindra Savings and Investments Plans

One of the more popular plans offered by the insurance company, it is in vogue due to the fact that it provides affordable plans and policies that let customers earn and also save their money. Following are some of the major important plans under this policy:

• Kotak Assured Income Accelerator: This plan promises guaranteed maturity along with hefty death benefits. Apart from this, the plan also promises incremental definite income during the payout period.
• Kotak Gramin Yojana Bima: It offers a single premium product with maturity along with subsequent death benefits. It is chiefly concerned with the rural sector of customers.
• Kotak Premier Money back Plan: This plan chiefly shells out lump sums at regular intervals.
• Kotak Classic Endowment Plan: So far as the Kotak Classic Endowment Plan is concerned, it is important to note, it offers considerable protection benefits to the customers along with bonus in the policy tenor.
• Kotak Platinum: Chiefly concerned with providing protection benefits to the customers, it also offers opportunities of wealth accumulation. Also, it offers guaranteed maturity benefits to the customers.
• Kotak Single Invest Advantage: It is important to note that this plan offers good returns and is one of the more popular single premium life and investment plan.
• Kotak Ace Investment: It is interesting to note that the said plan offers a choice of seven funds to choose from along with the ability to switching between the funds.

How Can One Claim Insurance with Kotak Life?  

In case of the decease of a life insured, the concerned nominee must insinuate the company about the claim by sending a precise letter to the Claims Department.

What are the Documents Needed to Claim Insurance with Kotak Life?

Before claiming the insurance, it is necessary to be detailed about the important dossiers needs to be accompanied by the concerned insurer. They include:

• Death claim intimation form (the form should be carefully and precisely filled)
• Original policy documents
• Original death certificate
• A photograph, photo ID proof and current address proof of the claimant concerned.
• A copy of the bank passbook
• Medical questionnaire
• Settlement option form
• A copy of driving license (in case)

Please refer other Life Insurance companies in India.