Kotak Life Launches Kotak Fortune Maximizer Life Insurance Plan

Under the plan, customers have the option to choose their premium amount as well as choose their premium paying term from 6-15 years and still get lifetime benefits.

“This life insurance scheme will help the customers to accumulate a corpus to meet their lofty goals without the financial burden. Policyholders can choose from three bonus payment options based on their savings objective: Cash Bonus (Immediate Pay): Ideal for those who want to get instant extra income that takes care of regular payments like EMIs/Bills/Charges etc. can. Cash Bonus (Deferred Payout): Ideal for those who are saving for future goals like travel, wedding, buying a car, etc,” the company said.

The major benefits of the policy are:

Choice of plan options: Flexibility to choose from 3 plan options to meet your goals: Life Goals Maximizer, Bright Future Maximizer, Golden Years Maximizer

Choice of payout options: Flexibility to choose from 3 bonus payment options, Cash Bonus (Immediate Pay), Cash Bonus (Deferred Pay), Paid-up Additions

Life Insurance till the age of 85: Secure your life till the age of 85 and provide financial security to your loved ones

Coverage for Spouse: Flexibility to secure the life of your spouse under the same plan. As per the press release, you also get higher life insurance for women.

Apart from this, you get some optional riders to increase the policy coverage.

Mahesh Balasubramaniam, MD, Kotak Mahindra Life Insurance Company Limited said, “We proudly introduce Kotak Fortune Maximizer – a plan that caters to all stages of an individual’s life to meet his/her various life goals. This product stays true to our mission to bring assurance to people’s lives and deliver value through safety and long-term savings.”