Kotak Life Insurance launches Kotak Gen2Gen Protect

Date:

Share:

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 an 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 a flexibility of transferring the complete risk cover to the child, when the parent (primary life insured) turns sixty or sixty-five years of age. Addionally, 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 organisation, 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 which 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.”

Subscribe to our magazine

━ more like this

Navigating End-Stage Kidney Failure: Choosing Between Dialysis and Transplant for a Better Life

End-stage kidney failure is a life-changing condition that requires careful consideration of treatment options to maintain quality of life. When the kidneys lose their...

West Bengal Government Prioritizes Inclusive Economic Empowerment for Women: Dr Shashi Panja

Outlining the fact that West Bengal topped the list of MSMEs owned by woman in the country, Dr Shashi Panja, Hon’ble Minister-in-Charge, Department of...

Femina & GoodHomes celebrate innovation and impact, honoring trailblazers and creative pioneers shaping the future

An evening of inspiration, innovation, and design unfolded at JW Marriott, Kolkata, on March 10, 2025, as Narayana Schools presents Femina GameChangers East 2025...

Windows Productions Launches “Bawshonto Dekeche Amake” from the Much-Awaited Film Aamar Boss with a Vibrant Holi-Inspired Party

Windows Productions has officially launched the first song from their highly anticipated film Aamar Boss, titled "Bawshonto Dekeche Amake"—a beautiful, heartwarming ode to youth,...

JIS Group’s IDEAJAM Inspires Entrepreneurs with Real-World Business Insights

JIS Group successfully organised IDEA-O-METER, with its latest edition - IDEAJAM – Simple Thinking, Big Solutions. The event brought together some of the most...

LEAVE A REPLY

Please enter your comment!
Please enter your name here