All About The Kotak Premier Money Back Plan

The Kotak Premier Money Back Plan provides an efficient solution for your financial woes. It provides an opportunity for policyholders to save their current earnings while getting protection due to the insurance component. Moreover, as a money back plan, this insurance policy provides lump sum benefits at regular intervals. Therefore, you also get access to your funds before the end of the policy term.

Features of Kotak Premier Money Back Plan

The Kotak Premier Money Back Plan has several features that make it a great choice. Check them out as follows:

• Regular Payouts

The regular payout benefits of the Kotak Premier Money Back Plan is very advantageous as it helps you provide for your current expenses even while you save. It makes your insurance funds accessible at intervals and not just at the end of the policy term. It is especially helpful in providing for the increasing costs that your child requires as they grow up.

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• Bonuses

The Kotak Premier Money Back Plan gives bonuses to its policyholders, from the very first year of the policy term. They are declared at the end of the particular policy year. Bonuses can be accrued to be paid out with the death or maturity benefit.

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• Lump Sum Maturity Addition

With the Kotak Premier Money Back Plan, not only do you get a maturity benefit but also a lump sum addition. The amount of this addition depends on the policy term. It is paid out at the end of the policy term along with the maturity benefit.

• Accidental Death Payout

The Kotak Premier Money Back Plan provides comprehensive protection against all contingencies, as evident from the Accidental Death Payout. In case the policyholder dies from an accident, their nominees will receive an additional amount besides the Death Benefit.

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Eligibility for the Kotak Premier Money Back Plan

Here are the basic eligibility parameters for the Kotak Premier Money Back Plan.

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Why Do You Need To Buy A Money Back Policy?

Endnotes

The Kotak Premier Money Back Plan, therefore, is certainly a good life insurance plan. Its many advantageous features provide ample opportunities for savings and financial security for policyholders as well as their families.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.