Every parent wants to provide the best for their child, and Kotak Life’s child insurance plans make it easier for you. Kotak Life child plans provide your children with comprehensive life insurance coverage, plus financial benefits that will cover their education and life ahead. With Kotak’s child insurance plans it is easier to see your child grow to their full potential.
Types of Kotak Life Child Plans
Kotak Life has only one child insurance plan—Kotak Headstart Child Assure. The plan provides for triple protection for the benefit of child in case of premature death of parent. These are as follows:
- Life cover immediately after death
- Waiver of all future premiums
- Fund value of the policy when it matures
Introduction and benefits
Kotak Headstart Child Assure is a unit-linked insurance plan that lets you invest regularly towards building a corpus for your child’s safe and secure future. It helps you tackle the ever-rising cost of education and major life events of your child such as marriage or college admission by ensuring triple protection in case of premature death of the parent. There are seven plans available to suit the risk appetite of the insured.
Why Kotak Life Child Plan?
Kotak Life Child Insurance plan gives you the option of investing in a fund as per your risk appetite and gives the option of paying premium monthly, quarterly, half-yearly or annually. It ensures your complete peace of mind with triple protection cover for your child and helps him or her realize dreams with an accumulated maturity value. In addition, tax benefits on investment make it an attractive child insurance plan.
Tips about Kotak Life Child Plans
You can choose your funds in this unit-linked insurance plan which offers seven funds. If you prefer risks, but wish to have larger returns, invest in an equity fund. If you prefer a more conservative approach and prefer steady and regular returns, invest in a bond-based fund.
By providing the combination of insurance protection and growth of investment, Kotak Headstart Child Assure seems to be an ideal plan to realize the dream of your child. Coming from the reputed houses of Kotak and Old Mutual, you can trust the insurer to build a corpus for the secure future of the apple of your eyes.
Other Kotak Life Insurance Plans
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GST of 18% is applicable on life insurance effective from the 1st of July, 2017