Kotak Term Plan is a pure risk cover plan that provides you life cover at less premium with financial protection for specified term period. Kotak’s Preferred Term Plan offers attractive premium rates to non-tobacco users and women, for a sum assured of Rs. 25 lakhs or more.
Benefits of Preferred Term Plan-
Truly a low cost insurance plan that offers high cover at low premiums.
Special rates for women and non-tobacco users.
Choice of Premium Payment.
Options – regular, single and limited premium payment Option to convert to any other plan.
- Truly a low cost insurance plan.
- Special Premium Rates.
- Death Benefit.
- Flexibility in payment of premiums- Single, Regular and Limited Premium Payment.
- Conversion Option- Can convert your Kotak Term Plan to any other plan offered by the company, provided there are at least 5 years before cover ceases.