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

Fusion CX Strengthens India Delivery Network with New 350+ Seat, 15,260 sq. ft. Bengaluru Facility

Fusion CX, a global customer experience (CX) and business process management leader, has strengthened its India footprint with the launch of a new 350+-seat,...

Honda Motorcycle & Scooter India unleashes the all-newCB125 Hornet and Shine 100 DX in Kolkata West Bengal

Honda Motorcycle & Scooter India (HMSI) introduced the all-new CB125 Hornet and Shine 100 DX in Kolkata, West Bengal. The all-new Honda CB125 Hornet...

Amazon expands operations ahead of the festive season with the launch of a new Fulfilment Centre in Kolkata

Ahead of the upcoming festive season, Amazon today announced a major expansion of its operations network with the launch of 12 new fulfillment centers...

Dr. Ashok Rajgopal, Group Chairman – Medanta Institute of Musculoskeletal Disorders and Orthopaedics, completes 40,000 Knee Replacements, Reinforcing Brand’s Leadership in Orthopaedic Excellence

Medanta – The Medicity, ranked India’s Best Private Hospital by Newsweek for six consecutive years, today honoured Dr. Ashok Rajgopal, Group Chairman – Medanta...

Big Green Durga Returns With a First-of-its-Kind Digital Avatar in 2025

BIG FM, one of India’s leading radio networks, unveiled the latest edition of its much-awaited ‘BIG Green Durga’ initiative at a grand press conference...

LEAVE A REPLY

Please enter your comment!
Please enter your name here