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Securing the future of your family is a necessity as life is unpredictable and you never know what may happen in the next moment. A life insurance policy comes in handy at this moment as it ensures that your family will be taken care of in case anything happens to you. Purchasing online life insurance policies are trending right now as it cuts down on a lot of hassles as compared to offline insurance policies. They are several benefits to this; following are few of them:
1. No Risk – Maintaining and transacting an online account is absolutely safe, there is no risk of any frauds or forgeries.
2. Easy access – It’s convenient as the access to all policies can be done through one account and it is also easily manageable.
3. Almost negligent paperwork – As most of the process is online, you can easily make changes to your account online.
4. Convenient Payment Options – Online payment options are easy and take only a few minutes to complete. You can pay your monthly, quarterly or yearly premiums online.
5. Financial Security - Having Life Insurance offers financial security to your loved ones in the tragic event of an untimely death or an awful accident which leads to inability to earn due to physical injuries.
6. Strategic Financial Plan - In case of one’s untimely and unfortunate death, life insurance can be utilized to gather a decent amount for other things like your children’s education, old age, children’s marriage and so on. As far as your dependents’ welfare is concerned, it is a strategic financial plan.
Today, buying insurance online is the most convenient and safe option for tech-savvy customers as it provides a hassle-free experience. Payment of premiums for life insurance with options like credit cards, debit cards and internet banking make it a lot easier. What’s more, Kotak Life Insurance has now made the choice easier for buyers looking for insurance online. It offers three types of online life insurance plans, which are as follows
Kotak preferred e-term plan
The key features of this plan are:
• High cover at a nominal cost
• Waiver of premium if permanently disabled
• Customized claim payout options
• Convenient and swift buying experience
Kotak e-assured savings plan
The key features of this plan are:
• Increase in life cover
• Longer the commitment, higher the benefits
• Value for money
• Tax benefit
Kotak e-Lifetime income
The key features of this plan are:
• Choose from four annuity options
• The issued annuity rates are guaranteed for life
Select the insurance plan that suits your needs. It is not very difficult to opt for the best life insurance plans. Your financial needs and priorities will keep on changing depending on your life stages, but the thumb rule while purchasing insurance is to buy one that is at least 10 times of your current annual income. This ensures that your dependents are financially secure or that your family can meet the commitments of your financial plans, during your absence.
Kotak Life Insurance Brief:
Kotak Mahindra Old Mutual Life Insurance Ltd. is a Indian private life insurance company with its headquarters in Mumbai. The company is jointly owned by the Kotak Mahindra Group of India which owns 74.00% and Old Mutual of South Africa with 26.00% of the equity stake. It caters to both Individual and group clients.
Kotak life has a presence of over 200+ branches in over 150+ cities.
Kotak Life Insurance offers a wide variety of products which include Protection Plans, Saving and Investment Plans, Child Plans and Retirements Plans. Along with retail products they also provide Group Insurance Products.
They also provide an option of buying a policy online. The online products include:
Kotak preferred e term plan
Kotak e assured savings plan
Kotak e lifetime income plan