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Kotak Life Insurance launches new product in UP

Kotak Premier Life is a limited premium payment and participating whole-life plan

BS Reporter  |  Lucknow 

New insurance rules may not help private players

Kotak Life Insurance today announced launch of Kotak Premier Life plan in the Uttar Pradesh.

The plan is a limited premium payment and a participating whole-life plan, which can be used for income benefits or create a tax-free corpus.

"It provides the customer with the option to protect up to 99 years of age," company's chief distribution officer and senior executive vice president Suresh Agarwal said here.

The plan offers discounts on premium for higher sum assured on maturity, besides additional discount on the lives of women insured. It allows to partly encash accumulated corpus during the policy term.

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First Published: Wed, January 27 2016. 17:40 IST
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