The Kotak Long Life Secure Plus of Kotak Life Insurance is a unit linked plan that assures about the investment and gives the best security to secure the future of the family and the loved ones. This insurance policy provides a full financial freedom. The policy comes with the double advantage of wealth creation in timely and long term security for the family.
The advantages of Kotak Long Life Secure Plus of Kotak Life Insurance policy are as follows:
- This policy renders a complete protection and secures the future of the family.
- If there is any case of unexpected accidental death or disability the policy gives a timely assistance.
- From the additional rider options benefit of lower price is available.
- The customer can also get the capability of managing the investment with a wide range of funds.
- The policy holder can enjoy a boost in the fund value by guaranteed loyalty units.
The benefits of Kotak Long Life Secure Plus of Kotak Life Insurance policy are as follows:
Maturity Benefit
The policy holder is allowed to the fund value on the maturity of the policy. On maturity of the policy the policy holder can withdraw the balance and also take periodic installments for up to 5 years after maturity.
Death Benefit
In case of the death of the life insured 100% percent of the sum assured will be paid as soon as possible along with the fund value and lump sum benefit will be added to the policy fund.
Rider Benefits
With this plan the policy holder can opt for the rider benefits for a complete protection. The benefits available are:
- Kotak Critical Illness Benefit (CIB)
- Kotak Accidental Death Benefit (ADB)
Tax Benefits
The tax benefits are available under Section 80C and Section 10 (10D) of Income Tax Act, 1961. Premiums paid for Critical Illness Benefit (CIB) are subject for a deduction under Section 80D. Tax benefits are subject to change in the tax laws.
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Tags: insurance policy, KOTAK LIFE INSURANCE, Kotak Long Life Secure Plus Plan