By Tory Vance
Looking for a life insurance policy that offers you great coverage and peace of mind? Look no further than the Kotak Guaranteed Savings Plan! This savings plan offers a variety of riders that can be added on to increase your coverage and protection. In this blog post, we will look at some of the most popular available riders. So, what are you waiting for? Invest in Kotak Guaranteed Savings Plan today!
Here is a list of Kotak Life Riders.
1. Kotak Term Benefit Rider
This rider provides you with a benefit in case of death during the policy term. In addition, it also offers maturity benefits so that your family is financially secure even if something happens to you. You can combine this rider with the Kotak Guaranteed Savings Plan to get comprehensive coverage. This rider is available at an additional cost and can be added to your existing life insurance policy. It would be best for you to Invest in Kotak Guaranteed Savings Plan.
Key Features of Kotak Term Benefit Rider
- Provides for a death benefit during the policy term
- Offers flexibility for paying premiums
- Sum assured can be chosen as per need
- Benefit of Income tax on Premium Paid
2. Kotak Permanent Disability Benefit Rider
This rider provides a lump sum benefit in case of permanent disability due to an accident. It can be combined with Kotak Guaranteed Savings Plan. Therefore, in case of an unforeseen event, you will have financial support.
Key Features of Kotak Permanent Disability Benefit Rider
- You can pay the premium as per your convenience
- Comprehensive protection against various disabilities
- Option to choose rider at either policy anniversary or inception
- Over 5 years, 120% of the rider sum assured is payable
3. Kotak Accidental Death Benefit Rider
This rider provides a sum assured if the policyholder dies in an accident. It also pays double the sum assured if death occurs due to an accident while traveling in a public transport system. The rider is available for ages 18-70 years and can be purchased for a tenure of up to 30 years.
Features of Kotak Accidental Death Benefit Rider
- Provides coverage in the event of accidental death.
- Rider can be purchased as an add-on to a Kotak life insurance policy.
- Coverage is available for ages 18-70.
4. Kotak Life Guardian Benefit Rider
Kotak Life Guardian Benefit Rider is an inbuilt rider available with Kotak Term Plans. It offers protection to the policyholder’s family in case of their untimely demise. Under this rider, the sum assured is paid out to the nominee in case of the policyholder’s death due to an accident.
Features of Kotak Life Guardian Benefit Rider
- Sum assured is paid out to the nominee in case of an accident leading to the policyholder’s death
- Provides financial protection to the policyholder’s family
- Offers peace of mind to the policyholder
The Bottom Line
Kotak’s Guaranteed Savings Plan is a great way to ensure you have the funds you need for your future. By investing in this plan, you can rest assured knowing that your money is safe and sound. Additionally, the plan offers several riders that can be combined with it, making it even more beneficial for those looking to get the most out of their investment.
