Protection plan that not only covers you but can also be passed on to your child as a legacy
PUNE: Kotak Mahindra Life Insurance Company Ltd (“Kotak Life”) today announced the launch of its new protection plan Kotak Gen2Gen Protect. This product offers an industry-first feature with the option of covering two generations with one plan, thus passing on the legacy of protection.
Coming with a 100% guaranteed return of premium benefit on survival, Kotak Gen2Gen Protect offers the flexibility of transferring the complete risk cover to the child, when the parent (primary life insured) turns sixty or sixty-five years of age. Additionally, this risk cover stays on with the child till the age of sixty.
The product also offers comprehensive coverage through in-built wellness benefits and riders such as Accidental Death Benefit, Permanent Disability Benefit, and Critical Illness Plus. For women policyholders, Kotak Gen2Gen Protect offers an additional 5% death benefit.
Mahesh Balasubramanian, MD of Kotak Mahindra Life Insurance Company Limited, said, “As an organization, our unwavering dedication is to innovate and curate products that exceed our customers’ expectations. Kotak Gen2Gen Protect is a product through which our customers can secure two generations with a single-term plan. The essence of this product comes from the importance we Indians place on family, tradition, and legacy. Passing on values, knowledge, and teachings to the next generation is deeply ingrained in our Indian culture. Here is a product that understands the essence of these values. I am sure innovative products like Kotak Gen2Gen Protect will expand the protection category and will contribute in a significant way to IRDAI’s vision of ‘Insurance for All’ by 2047.”
 today announced the launch of its new protection plan Kotak Gen2Gen Protect. This product offers an industry-first feature with the option of covering two generations with one plan, thus passing on the legacy of protection.){kind=link}