The Kotak Surakshit Jeevan of Kotak Life Insurance is a long term savings as well as an enhanced protection plan. This policy ensures the security of the family even if the head of the family or the sole earner of the family is not around. This is an insurance plan and thus keeps pace with the changing requirements of at each step of life. This policy gives both, protection for the family and savings for the future.
'''The key advantages of Kotak Surakshit Jeevan of Kotak Life Insurance are as follows:'''
* This policy gives a double protection after 5 years of the policy.
* The policy has provision for disciplined savings.
* The premium paying options are convenient for the customers.
* The application procedure is easy as no documentation and medical procedures or tests are required.
'''The main benefits available under the Kotak Surakshit Jeevan of Kotak Life Insurance policy are as follows:'''
* This policy ensures that the life is adequately covered at every step with ‘Enhanced Protection’ which automatically boosts after 5 years to 100%.
* The increased cover goes forward throughout the remaining term of the policy.
* To assure that the insured person accumulated a lump sum at the end of the policy which is the maturity benefit this policy enables to keep aside the reserved amount in a properly planned way.
* Simple reversionary bonus declared at the finishing of each policy year and payable on maturity or in the event of death.
* Special terminal bonus is payable at the end of the policy term on maturity of the policy.
* Interim bonus is payable in case of claim during the course of the year.
* Terminal bonus is payable on conclusion of 10 policy years and paid on maturity or in the event of death.
'''The rider options of the policy are:'''
* Kotak Permanent Disability Benefit - (PDB – UIN No: 107C002V01)
* Kotak Life Guardian Benefit - (LGB – UIN No: 107C012V01)
'''The tax benefits of the policy are:'''
Tax Benefits is available under section 80C and 10(10D) of Income Tax Act, 1961. Tax benefits are subject to change in tax laws.