Kotak Mahindra Life Insurance Limited is a well-known name in the Indian insurance market space. A leading life insurance company for many more reasons than one, Kotak Mahindra has made its mark with its vast repository of quality products, especially its life insurance plans. Along with helping you meet your short and long-term life goals with well-conceived protection plans, the company also provides sound portfolio solutions with its savings and investment products, retirement plans, and child policies.
This article will help you take a look at the many advantages of investing in Kotak life insurance plans. It will also guide you forward with regards to the proper management of the life insurance policy purchased by you.
Benefits of Choosing Kotak Life Insurance
Kotak Mahindra Life Insurance Limited has the credence of being among the fastest growing life insurance companies in India. Currently, it boasts of over 4 million policyholders spread across the country.
1. Large number of life insurance products
One of the primary benefits of choosing Kotak life insurance plans is that you can pick from a vast catalogue of well-designed products to suit your needs and budgetary restraints alike. Soundly equipped to cater to the rising and fast-changing demands of Indian life insurance buyers, the various products offered by the company are affordable, well-conceived and give the best possible returns.
2. Different categories of life insurance policies by Kotak
Whether you are interested in purchasing a savings and investment instrument, protection plan, pension plan, or a child’s education plan, you can be assured of getting what you want with Kotak life insurance. In addition to individual and family floater plans, the company has plenty of life insurance policies for group entities as well. No matter what your organization’s group insurance needs are, you can look forward to getting the best coverage at the lowest possible premium amounts with Kotak Mahindra.
3. High Claim Settlement Ratio and ease of purchase
Kotak Mahindra holds a record of a high claim settlement ratio of 91.24 percent in the F.Y. 2016-17, giving a fair glimpse of its high-quality business practices. Insurance aggregator and comparison websites like Coverfox.com will help you compare and buy the different Kotak life insurance products in the simplest and quickest of ways. Do check out their features, scope of coverage, tenure, ease of claim processing, etc., before freezing your buy.
Manage a Policy in Kotak Life Insurance
The good thing about purchasing Kotak Mahindra life insurance products is that you can manage your policy online, all on your own. Right from ordering a plan online to filing your claims as and when needed, all policy management processes can be activated over the Internet. Given below are some important pointers with respect to managing life insurance plans by Kotak.
Documents needed for buying Kotak life plans
You will need the following documents for your purchase:
- Proof of identity
- Proof of address
- Proof of income
- PAN Card
- Bank passbook copy (self-attested), etc.
Checking the status of your policy
In order to check the policy status of Kotak life insurance online, you need to log onto the official portal of the company with the right credentials. The login option can be found on the top side of the homepage. Once you have logged in as a group or individual customer, you can file in the desired details such as email address, password, etc. to see your policy details on the screen that opens up. You may want to manage your policy from this interface after going through all the details pertaining to your life insurance plan.
Online payment for Kotak Mahindra Life Insurance
Instead of stepping out of your comfort zone for the sake of making premium payments, you can go about the act online. Simply visit the official website of Kotak Mahindra, log onto your account, and pay the required premium online through secure payment gateways. You may want to use the online premium calculator for the sake of calculating the premium of new policies or renewing your existing one.
Now that you are aware of the many benefits of purchasing Kotak life insurance, how would you like to log onto Coverfox.com to make a well-informed purchase? Do assess your life insurance coverage needs and budget restraints before starting the process. Compare different life insurance products online to freeze your choice upon the product that meets your requirements to the hilt. Proper research will guide your online purchase in the best of ways – just go for it!