Kotak Life Insurance Launches 2 Traditional Child Plans

by Lyju Kuruvilla on  January 20, 2012 at 1:54 PM Health Insurance News
RSS Email Print This Page Comment bookmark
Font : A-A+

To secure the financial requirements of children and adolescents, private insurer Kotak Mahindra Old Mutual Life (Kotak Life Insurance) launched 2 traditional plans for them.
 Kotak Life Insurance Launches 2 Traditional Child Plans
Kotak Life Insurance Launches 2 Traditional Child Plans

To addresses the future financial requirements of children aged between 0 and 10 years, the Kotak Child Edu Plan was launched and Kotak Child Future Plan aims at catering to the financial needs of adolescents between the ages of 11 and 15 years.

To support the child's education and skill development, the Child Edu Plan provides defined benefits at 15, 17, 19 and 21 years. Payment of premium continues till the child attains 17 years of age.

Kotak Child Future Plan too provides benefits at 23 and 25 years to financially support the child's life goals. From the date of entry, the plan has a fixed premium payment term of 10 years.

Kotak Child Edu Plan and Kotak Child Future Plan offer enhanced protection in the event of death of life insured (parent, grandparent, etc).

The plans also have optional riders, which provide additional protection in case of death, accidental death and permanent disability.

Source: Medindia

Post a Comment

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
Notify me when reply is posted
I agree to the terms and conditions

Related Links

More News on:

Star Health and Allied Insurance ICICI Lombard General Insurance Company Limited Health Insurance - Ombudsman Health Insurance - Basics New India Assurance Policies Awareness about Healthcare Insurance in India Premium Calculation by Health Insurance Companies Fraudulent Health Insurance Claims Key Procedures for Filing a Healthcare Insurance Claim Latest on The New India Assurance Company Ltd 

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Stay Connected

  • Available on the Android Market
  • Available on the App Store

Facebook

News Category

News Archive