Many of us believe in enjoying the current phase of life while aspiring for a better future. The better future could be for you, your family or even life after retirement. However, when it comes to the future we do not have a great deal of control over it. There could be a lot of uncertainties that one might have to face. One of the smarter ways of dealing with the unknown future is to take the help of Kotak Life Insurance.
Kotak Life Insurance is one of the most renowned brands in the country for insurance based products. Since its inception in the year 2001 the company has grown leaps and bounds. In fact, it is one of the fastest growing brands in the country with more than 4 million happy customers.
Kotak Life Insurance Plan to Be Focused
There are quite a lot of reasons behind the immense success that the brand has tasted over the years. For starters, Kotak Life Insurance has a very impressive claims settlement ratio. As a policy holder it translates to a hassle free experience. A higher claim settlement ratio indicates that an insurer is able to settle most of the claims. Similarly, Kotak is known to offer some of the finest services when it comes to the serviceability of its products.
In between having a great claim settlement ratio and a good customer support mechanism, there lies a crucial connection. The lack of good products would almost nullify the above mentioned points. This is exactly where Kotak Life Insurance shines. The insurer provides a wide range of up to date and realistic products which you will be able to connect to. The products on offer are reviewed at regular intervals to ensure that only the very best is being presented to you.
If you wish to get protection for life, Kotak Life Insurance has about four different plans to cater to different needs. One could either opt for Kotak Term Plan, which is gaining traction with customers rapidly or get Kotak Saral Suraksha. Depending on the type of cover and sum insured that you are looking at, you can pick any one out of the four plans available.
For individuals who wish to secure their life post retirement, there are two different plans to choose from. You could either opt for the traditional Kotak Premier Pension Plan or go for a conventional Kotak Lifetime Income Plan.
Investors seeking for products that give the best of both the worlds, investment and insurance, Kotak Life Insurance ensures you coverage on that aspect as well. There are close to 20 plans available with Kotak Life Insurance when it comes to investment and insurance. Each of them is designed for specific purposes and you must invest in the ones that will help you achieve your goals a bit faster.
Before you write that cheque for an annual or half yearly premium, make it a point to have your own assessment done. The following are guidelines that will help you pick the best Kotak Life Insurance.
- Need for life insurance
You must not blindly get life insurance because someone said so. With a variety of products on offer, chances of you getting lost is on the higher side. Thus, take a moment to understand why you need life insurance and what sum assured would suffice.
- Pick up Riders only if you understand them well
A lot of people end up taking riders that either does not add value to their policy or does not help them in any way to achieve their goals. Get a good understanding of what all the riders do and whether it makes sense to add the rider to your policy. Kotak life insurance has many riders to opt from. However, always remember to buy one only as per your requirement.
- Fill your forms correctly
Irrespective of whether you have contacted the insurer directly or are taking the help of an agent, ensure that you fill up the forms correctly. While at it, fill up all the fields to the best of your knowledge. Any information missed at this stage might come back to haunt you later on during the claims process. So, ensure that you fill up your own forms. Do not provide any false information.
Kotak Life Insurance offers good plans with good customer service. One must compare all the life insurance plans online before buying to ensure they buy the best products suitable to their needs.