Unfortunate events and untimely deaths put a lot of trauma and financial distress to those dependent on the breadwinner. is a pure risk cover plan that ensures that adequate financial protection is provided to your family in the event anything happens to you.
The is paid to the beneficiary in the event of your unfortunate death. This way you will be sure that your family is financially secure even in your absence. This plan also ensures that enough provisions are made to pay out your financial liabilities in the event you are not around.
The features of Zurich Kotak General Insurance Term Plan are as follows:
The benefits of Zurich Kotak General Insurance Term Plan are as follows:
The eligibility criteria for this plan are as follows:
Mr. Sood is a 25 year old techie and he wants to take a Term Plan for a sum assured Rs.15 lakh. He can choose from the 4 policy term available.
If he chooses a 10 year or 15 year policy term, then his premium will be Rs.2,196. If he chooses 20 years as the policy term, his premium will be Rs.2,232 and if he chooses 25 years policy term, then his premium will be Rs.2,292. He gets death benefit with this plan. In the event he dies during the policy term, his dependent will get sum assured less the balance of the premium payable on the year of his death.
GST of 18% is applicable on life insurance effective from the 1st of July, 2017
The policy term offered are 5 or 30 years.
The minimum sum assured offered is Rs.3 lakh and the maximum sum assured is Rs.24,99,999.
Yes, single premium plan is available with this policy. The minimum amount that one can take the single premium is Rs.12,000.
Yes, you get three riders with this plan. Zurich Kotak General Insurance Accidental Death Benefit, Zurich Kotak General Insurance Permanent Disability Benefit and Zurich Kotak General Insurance Critical Illness Benefit.
Yes, you can surrender the policy if you have chosen the single premium payment option.
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