Kotak Term Benefit Rider

Kotak Term Benefit Rider

Life insurance is a way to protect your family in the event of your demise. The money your loved ones will receive can be used to pay your liabilities, take care of your debt and cover your mortgage or rent. By attaching Kotak Term Benefit Rider (hereafter referred as Rider) to the base plan, you can enhance the existing protection available under base plan at affordable rates.

Key Features
* Flexibility to pay premiums as per convenience - Single, Limited and Regular
* Comprehensive protection till the end of policy term of the base plan
* Rider sum assured payable in case of death
* Option to select Rider either at inception or at any policy anniversary
* Income tax benefit on premiums paid

Benefits
On death: In the unfortunate event of death of the life insured, the sum assured will be paid in lump sum to the nominee / legal heirs.
At maturity: There is no maturity benefit payable under this Rider.

Eligibility