Kotak Premium Return Plan of Kotak Life Insurance is yet another insurance policy in which the premium that has been paid for making the policy stable is returned if the insured has managed to survive the term properly. The refund is done at the time of maturity and the money that is refunded is referred as maturity benefit.
Some of the salient features and benefits of Kotak Premium Return Plan of Kotak Life Insurance are as follows:
- The term of this plan is very flexible that allows the insured to have ample choices for selecting their terms. Three term options are offered in this policy that is ten, fifteen and twenty years respectively. For every tenure, the insured can chose the option of making the payment of premiums on monthly basis.
- In this policy the sum assured depends mainly on the selection of the monthly premiums. In case of an unfortunate death of the insured, the sum assured would be paid back to the policy holder after deducting the premiums which are unpaid.
- In case of a ten years term, the entire premium that has been paid for keeping the policy stable would be refunded at the end of the term. In case of fifteen and twenty years term, 111 and 125 per cent of the premium is refunded.
- In this policy there is no option for bonus. Riders are available in this policy and that can be obtained after making some additional premium payment.
These are some of the features and benefits of Kotak Premium Return Plan of Kotak Life Insurance. For further information about this policy, people are requested to visit the nearby branch office of Kotak Life Insurance. Or they van contact their insurance agent for more details.