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What Are The Common Exclusions Under Child Insurance Plans Offered By Kotak Life Insurance?

Published On Jun 30, 2021, Updated On Jul 01, 2021

Child Insurance Plan is a mixture of investment and insurance plans designed to secure your child's future against financial obligations. As a parent, you wish to provide everything in your power to make your child live their life happily without any worries. You have certain goals for your child which you want to achieve during your lifetime. Every goal requires careful and proper financial planning. 

Kotak Life insurance introduces Kotak Headstart Child Assure Plan is a unit-linked life insurance product for your children. The plan provides multiple benefits and comes with a variety of features. The child plan offered by Kotak Life Insurance is very beneficial as it will help you cater to the specific needs of bringing up a child.

Benefits of Kotak Headstart Child Assure Plan

Following benefits are available to the investors of Kotak Headstart Child Assure Plan - 

  • Death Benefit

In the case of death of the insured, the nominee of the policy would receive the basic sum assured and 105% of all the premiums paid till the time of death. The left premiums are waived off and paid by the insurance company to continue the policy and the fund value of the policy is also paid if any. 

  • Maturity Benefit

The fund value is paid to the policyholder at the date of maturity to meet the financial needs or expenses of the children. The policyholder can receive the maturity partially in terms of cash and balance by instalments through the settlement option for at least 5 to 9 years after maturity.

  • Flexible Withdrawals

Policyholders can withdraw the money from their fund value after completion of the 5th policy year through the way of partial withdrawals. Rs. 500 will be charged for each partial withdrawal, whereas Rs.10,000 is the minimum amount for partial withdrawal. 

  • Switching Option

Kotak Headstart Child Assure Plan allows policyholders the flexibility to switch between fund options or change their future premium allotment according to their requirements. 

  • Variety of Fund Options

Kotak Headstart Child Assure Plan offers a wide variety of funds according to your requirements. Policyholders can invest in the available fund options depending on their risk portfolio and build an investment corpus. An expert team managers handle the portfolio. The wide variety of funds offered by this plan are Dynamic bond fund, Dynamic gilt fund, classic opportunities fund, balanced fund, frontline equity fund, money market fund and Dynamic Floating rate fund. 

Exclusions Under Kotak Headstart Child Assure Plan

There is only one exclusion under Under Kotak Headstart Child Assure Plan i.e. Suicidal Death:

Suicidal Death

If in case the policyholder commits suicide on any ground within the period of 12 months after the starting or renewal of the policy then the nominees will be eligible to receive the total premiums paid till the date of death. The policy excludes the nominee from all other benefits such as maturity benefits, death benefits and many more in case of suicide. 


Kotak Headstart Child Assure is a perfect policy to invest in for your child's future against the financial obligation. The policy can generate dual benefits of protection as well as wealth creation for the long term during the policy. It offers you the triple privilege to provide financial security in an unfortunate situation such as death. It is highly suggested to go through the terms and conditions very carefully while purchasing the plan.

Also Read: 

Most Frequently Asked Questions For Child Life Insurance Plans

List Of Child Plans Available In India

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.

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