Kotak Life launches new insurance plan, pay premium for 6-15 years, life cover will be available till the age of 85 years

Under Kotak Fortune Maximizer Plan, customers have the option to choose their premium amount. This is a Limited Pay Participating Endowment Plan scheme, which can be customized as per the requirement of the customer.

Secure your life till 85 years and provide financial security to your loved ones.

Kotak Mahindra Life Insurance Company Limited (Kotak Life, on monday Kotak Fortune Maximizer Launched. This is a Limited Pay Participating Endowment Plan scheme, which can be customized as per the requirement of the customer. Under the Kotak Fortune Maximizer Plan, customers have their own Premium Amount There is an option to choose. Also, customers can choose the policy premium paying term between 6 to 15 years. The subscriber has the option of availing benefits for life irrespective of the premium paying term opted for. There is also a facility to secure the life of your spouse under the same plan.

Kotak Life said in a statement, “There should be no compromise when it comes to your dreams and aspirations. To make your dreams come true you make sure that your money is invested in a disciplined manner, which gives high returns towards building a corpus to fulfill your dreams.

Option to pay three bonuses

This life insurance plan will help the customers to accumulate a corpus to meet their bigger goals without the financial burden. Policyholders can choose from three bonus payment options depending on their savings objective.

Cash Bonus (Immediate Payout)- This is better for those who want to get instant extra income that can take care of regular payments like EMIs, bills, charges etc.

Cash Bonus (Deferred Payout)- It is ideal for those who are saving for future goals like travel, wedding, buying a car etc. The third one is the paid-up edition.

Highlights of the policy-

>>Facility to choose from 3 plan options to meet your goal. Jeevan Lakshya Maximizer, Bright Future Maximizer, Golden Years Maximizer. At the same time, the facility to choose from three bonus payment options – Cash Bonus (Immediate Payout), Cash Bonus (Deferred Payout), paid-up additions.

>> Life cover till the age of 85- Secure your life till the age of 85 and provide financial security to your loved ones.

>> Coverage for Spouse- There is an option to secure the life of your spouse under this plan. You also get higher life insurance for women.

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