Kotak Premier Money Back Plan is a life insurance policy that offers guaranteed returns. It provides a lump-sum benefit in case of death (it pays the sum assured plus accrued bonuses) and a partial surrender benefit. It also provides regular payouts at specified intervals to meet your financial needs. It comes with additional riders, such as the Critical Illness rider and Accident rider.
Here are some of the features and benefits of the Kotak Premier Money Back Plan:
Death Benefit: In case of the unfortunate death of the insured person, the Money Back Plan pays the sum assured amount plus all the bonuses that have accrued till then.
Partial Surrender Benefit: You can opt for partial withdrawal of your funds from this plan as and when needed.
Regular periodic payouts: This plan provides regular payouts at specified intervals of 2,5 or 10 years. This helps in planning your finances in advance.
Riders: Additional covers such as Critical Illness Rider and Accident Rider can be bought with this policy.
Flexibility: You can choose a policy term of 16 years or 30 years, as per your needs.
This is a comprehensive plan that provides a life cover along with regular payouts and an additional cover for critical illnesses and accidental death. For more details about the Kotak Premier Money Back Plan, you can visit their website https://www.kotak.com/en/investments/life-insurance/premier-money-back-plan.html