Kotak Life Launches Kotak Fortune Maximizer Life Insurance Plan

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Kotak Mahindra Life Insurance Co. Ltd. (Kotak Life) on Monday announced the launch of Kotak Fortune Maximiser, a limited compensation crowdfunding plan, which can be tailored according to client needs.

Under the plan, customers have the flexibility to choose their premium amount and also select their premium payment term from 6 to 15 years while enjoying lifetime benefits.

“This life insurance plan will help clients accumulate a corpus to achieve their larger goals without the financial burden. Policyholders can choose from three bonus payment options depending on their savings goal: cash (immediate payment): ideal for those who want an immediate additional income that can support regular payments such as EMIs/bills/expenses, etc. Bonus cash (deferred payment): ideal for those saving for a future goal like a trip, a wedding, buying a car, etc.,” the company said.

The main advantages of the policy are:

Choice of plan options: Flexibility to choose from 3 plan options to achieve your goal: Life Goal Maximiser, Bright Future Maximiser, Golden Years Maximiser

Choice of payment options: flexibility to choose from 3 bonus payment options, cash bonus (immediate payment), cash bonus (deferred payment), paid add-ons

Life cover up to age 85: secure your life up to age 85 and provide financial protection for your loved ones

Spousal coverage: Flexibility to secure your spouse’s life under the same plan. You also get high lifetime coverage for women, according to the press release.

Additionally, you get some optional endorsements to enhance the coverage of the policy.

Mahesh Balasubramanian, MD, Kotak Mahindra Life Insurance Co. Ltd., said, “We are proud to present Kotak Fortune Maximiser – a plan that addresses all stages of an individual’s life to achieve their various health goals. life. This product is true to our mission to bring insurance to people’s lives and deliver value through long-term protection and savings.”

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