Kotak Mahindra Life Insurance

Founded in 2001, Kotak Life Insurance is known as the fifth largest private insurer in India. Their product offerings span from basic term plans to endowment plans including savings, investment, and retirement options. This plan offers three variants: Life, which provides a lump sum amount upon the insured's death; Life Plus, which adds an additional death cover equal to 100% of the base sum assured (up to 1 crore) for accidental death; and Life Secure, which ensures a lump sum death cover and waives future premiums in case of total and permanent disability.