The Kotak Premium Return Plan of Kotak Life Insurance plan is a secure and sure option. This plan saves the policy holder from the hassles of a conventional insurance plan. The procedures and the paper work for the policy are just nominal and thus provide the customer with the dual benefits of savings and risk cover.
The advantages of Kotak Premium Return Plan of Kotak Life Insurance plan are as follows:
- This policy offers dual benefit of risk coverage along with savings.
- The policy comes for affordable premiums.
- There is no hassle of premium payments.
- No medical examination or papers are required for entry to this policy.
The Kotak Premium Return Plan of Kotak Life Insurance plan is ideally suited for people for the below mentioned categories:
- Those who do not want a life insurance cover but would like to protect the family even when the person is not around. Otherwise all the premiums are given back at the time of maturity of the policy.
- This policy is suited for those who would like to cover the life without any elaborate paper work and medical test along with the premiums automatically deducted from the account.
The key benefits of Kotak Premium Return Plan of Kotak Life Insurance plan are as follows:
On the sudden death of the policy holder the beneficiary will receive the death benefit which is the sum assured less the premium unpaid during the year of the dead.
On the maturity of the policy the premiums paid by the policy holder will be returned and the amount payable during the time of maturity will depend on the policy term chose by the policy holder.