KOTAK TERM PLAN of Kotak Life Insurance Company ensures a great support to all the customers. It is economically very good as well as it is an affordable product. It helps the customers to adjust with the financial droughts and provides secure financial solutions to them. It is very much risk free product. This kotak Preferred term plan provides a premium rates to those non tobacco users and women for a sum assured of Rs.25 lakhs or more. In one word this policy completely provides a secured life to the dear and close ones.
This Kotak term plan is low in cost but it offers high monetary returns at low term insurance premiums. Special rates are also being provided for the women and non-tobacco users. It also offers a choice to choose a premium plan to the customers. Many options are being provided to the customers like regular, single, limited premium payment options which can be converted to any other plan.
Affordable cost insurance plan which offers a facility of high returns. Special premium rates are being offered to the non-tobacco users and women with the sum assured of Rs.25 lakhs and above. This policy also offers the flexibility in payment mode of premiums. In case of death or any disability due to an accident of the policy holder the beneficiary would receive the assured sum. Conversion of plans is also provided to the customers but the case should be at least 5 years before the previous plan ends.
Tax benefits is definitely lies under the section 80C and the section 10(10D) of the income tax ACT, 1961. Tax benefits are likely to be changed as per the prevailing laws. It is preferred to consult your tax advisors to know more details.