Kotak Life Insurance offers Kotak GAIN, a non-linked participatory product that offers long-term savings or income.
Private sector life insurance company Kotak Life Insurance has launched its latest offering, Kotak G.A.I.N. Made headlines with the launch of. This non-linked participating product is designed to cater to individuals seeking long-term savings or a steady income stream. With its unique features and flexibility, Kotak G.A.I.N. aims to ensure strong protection for customers' loved ones while meeting their diverse financial needs.
Key Features and Options
- Kotak G.A.I.N. Sets a minimum annual premium requirement of Rs 50,000, thereby ensuring access to a wide range of investors regardless of their financial capacity.
- To avail the benefits of the policy, the policyholder must be at least 90 days of age at the time of issue. The policy matures between the age of 40 to 85 years, providing flexibility and long-term financial planning options.
- The product offers three different options, allowing policyholders to customize their investment strategy as per their preferences and financial goals. Which are as follows:
- Option 1: Policyholders can choose to receive regular income from the first month of policy issue for monthly payment mode or from the first year for annual payment mode. This flexibility meets varying income needs and preferences.
- Option 2: Policyholders have the opportunity to use the income benefit to purchase additional sum assured during the policy term. This additional sum insured can be availed as a lump sum or withdrawn as per requirement, thereby providing liquidity and flexibility in financial planning.
- Option 3: Policyholders are entitled to receive a cash bonus along with Guaranteed Loyalty Addition (GLA) payable within the policy at the end of the premium paying term. These GLAs can also be used to cover the last two years' premiums, providing additional financial security and stability.
empowering customers
G.A.I.N. aims to provide customers with a comprehensive solution for long-term income and family security.
G.A.I.N. Plays a vital role in helping individuals achieve their financial goals with confidence.
continuous innovation
In December 2023, Kotak Life Insurance introduced Tulip, a product that combines term insurance with ULIP (Unit Linked Insurance Plan). This hybrid product offers both protection and investment opportunities to policyholders.