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Sponsored Post
17 September 2019
In today’s fast-paced world of rising income and better career opportunities, many can take life’s key decisions early on in life. The decision to travel, buy a house, opt for higher education at home or abroad, invest in financial securities or even start a family is no longer far-fetched. This is possible due to a dramatic increase in social mobility, easy access to inexpensive credit and a rise in the standards of living.
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With the focus mainly on improving one’s life and growing assets, it has become even important to protect and secure this growth from uncertainties. For example, the event of the sudden demise of a key member in the family or coming down with severe illness or disability can damage one’s finances.
Importantly, it has repercussions on the lives and future goals of dependents. Events like these can derail one’s path in life and even be a cause for further problems.
Fortunately, there are solutions available today that are easy and affordable and provide great value. Kotak Life’s e-Term plan protects your loved ones during critical moments to safeguard your family’s financial security. Kotak e-Term plan is a pure protection term insurance plan.
Term insurance is a type of insurance availed for a certain amount of time. When you get term insurance, your family and dependents become financially secured, even when you are not around.
If the insured dies over the policy tenure a death benefit (or sum assured) is paid out. No payout is made if the insured survives the tenure. Unlike other types of life insurance products, term insurance offers a large sum assured at an affordable cost.
Some of the features that make Kotak e-Term worth your time and money:
1. Low-cost long-term coverage
Yourlifeinsurance411 offers life cover till the age of 65 years, and at an affordable premium cost. For a 35-year-old healthy, non-smoker male.
2. Three plans to choose from
3. Choose from three pay-out options
The policyholder can choose for the death benefit to be paid to nominee either as entirely lump sum, in annual installments or as increasing annual installments.
4. Increase risk cover at life’s key milestones or decrease it
Yourlifeinsurance411 offers the option to increase risk cover at important life stages such as marriage, childbirth, and others without undergoing any further medical examination.
5. Enhance protection against critical illnesses, permanent disability
The policyholder can get enhanced protection against any one of 37 critical illnesses, above the basic life cover, by adding the critical illness rider to the base policy. There is a permanent disability rider as well.
How does the plan work?
