Kotak Life Insurance Benefits

Kotak Life Insurance Company Limited is one of the fastest-growing, private Life Insurance providers in India. The life insurance company was founded in the year 2001. It has one core purpose, which is to add value to the lives of people with the help of financial instruments that provide protection and long-term savings. The company works with strong values such as Professional Approach, Innovation, Continuous Improvement, Financial Prudence, Real Value to Customers, People Friendly Approach and Integrity to satisfy the needs of its customers. A variety of life insurance plans are offered by Kotak Life such as Protection, Savings and Investment, Retirement and Child Education Insurance plans.

Why To Buy Kotak Life Insurance?

Benefits offered by Kotak Life Insurance plans are as follows:

1. High Claim Settlement Ratio: Kotak Life Insurance has featured a claim settlement ratio of 96.38% in the FY 2019-20. The Claim Settlement Ratio depicts a picture of the number of successful claims settled by the insurance company against the total claims received by them during a year. Also, the higher the claim settlement ratio, the better the insurance company. Therefore, it is important to ensure that your insurance provider has a good claim settlement ratio record.

2. Award-Winning Services: Kotak Life Insurance has been awarded several times. It was awarded the ‘Best Customer Engagement Campaign Award (Silver Medal)’ at DMAsia 2017. The company has been awarded the ‘Outlook Money Award for Life Insurance Provider’ of the Year 2017. Moreover, Kotak Life has also been awarded the ‘Best Persistency Award’ at Fintelekt's DMAi Awards 2017.

3. Variety of Products: Kotak Life Insurance Company offers a variety of life insurance plans such as Protection, Savings and Investment, Retirement and Child Education Insurance plans. These plans are designed to cater to the needs and budget of every individual. The wide range of Kotak Life insurance plans helps the customer choose the plan that is best suitable for them based upon their budget and income.

4. Excellent Customer Support: Kotak Life Insurance offers robust customer care service which is available to all customers through different instruments. The digital servicing of the life insurance company is accessible 24x7. They work on the pillars of a strong value system such as Professional Approach, Innovation, Continuous Improvement, Financial Prudence, Real Value to Customers, People Friendly and Integrity to satisfy the needs of its customers.

5. Affordable Products: Kotak Life Insurance provides affordable insurance plans that fulfil the potential buyer’s requirements. Some plans are designed to provide you with as many benefits as possible at a very nominal price.