Check the list of Kotak Child Plan. Kotak Mahindra Life Insurance offers the Child Plans so that insured can live tension and stress-free life. This Child Plan gives you the security for your child in future. So check Kotak Mahindra Life Insurance Child Plans details to buy the new plan for your child’s future.
Kotak Child Plan – Kotak Mahindra Child Plan Overview
Kotak Mahindra Life Insurance Company Limited is offering Kotak Headstart Child Assure Plan. It is the best insurance plan. The Kotak Mahindra child Insurance Plan is providing the best future for your children to fulfil their dreams. In India, the cost of education is very high. As a parent, the policyholder wants to give the best future to your kid. For those people, the Kotak company is presenting Kotak Headstart Child Assure Plan. The Maturity benefits are payable at the end of the policy term. Kotak Child Plan is an ideal policy to manage your children financial necessity. Kotak Mahindra Child Insurance Plans ensures that your kid will receive the Guaranteed Benefits at their key milestones, even in your absence. In this article, we have given the brief description of Kotak Child Insurance Plan.
Why did we need to buy Kotak Mahindra Child Insurance Plan?
To reach our goal, saving & investing money is essential. For the best future of your children, Kotak Child Plan is very useful. The Kotak Mahindra Life Child Plan is a secure and safer plan with high maturity returns. Kotak Child Plan helps you at the time of your Children’s Education & Marriage and at the same time protect their dreams from unexpected events, such as the death of a parent. With the rising cost of the education, fulfilling your children’s desires can get harder along with the time. The hopes of perceiving their dreams could smash, in the event of the parent’s death. Everyone wants to give the best life to children. For those parents who want to protect their children from uncertainties, Kotak Life has introduced HeadStart Child Insurance Plan. Go through the features, Benefits of the plan to get the complete idea about the plan.
Kotak Headstart Child Assure Plan
The Kotak Headstart Child Plan is a Unit-Linked Insurance Plan with UIN No: 107L066V02. Kotak Mahindra Child Plan is the best policy with a huge range of benefits for you and your kids. There is no other gift for your child than the promise of a secure life. For those, Kotak Life Insurance offers customised Child plan, i.e., ‘Kotak Headstart Child Assure’ that can encircle almost any Kid’s future. The Kotak Headstart Child Assure plan offers various Key Features & Benefits which are mentioned below.
Benefits under Kotak Mahindra Child Insurance Plan
Kotak Mahindra provides three types of benefits under this Child Plan. Here, we have given the details of Kotak Child Plan benefits.
- Maturity Benefit: At maturity, the policyholder will get the full Fund Value to reach the financial needs of their child.
- Tax Benefit: The life assured can get tax benefits on Kotak Child Plan for the premium paid under section 80C & Sec 10(10D) of Income Tax Act 1961.
- Death Benefit: If the life assured expires within the policy period, then the company will pay 101% of sum assured of the total premium. Or 105% of the premium paid to their nominee or family member chosen by the policyholder.
Kotak Life Child Plan Policy Brochure
Key Features of Kotak Headstart Child Assure Plan
- It creates wealth for your children future financial needs.
- It ensures the financial security of your child through Triple Benefit.
- Invest in a wide range of fund.
Eligibility Conditions for Kotak Mahindra Child Plan
Entry Age of Child:
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Maturity Age:
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Policy Term:
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| Premium Payment Mode: Annual & Half-yearly. |
| Premium Payment Term: Equal to the policy term. |
Premium:
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Kotak Life Insurance Premium Calculator
To calculate the premium & Maturity Benefit for the Child Plan, there is need of some data. So the general documents required to calculate the premium is
- Name of the Policyholder.
- Email Id.
- Mobile Number.
- Age Proof.
- Policy Term.
- Sum Assured.
How to Buy Kotak Life Insurance Child Policy?
In Case of Death or Disability Occurred due to the Sudden Accident of the customer during the Policy Term or if your Policy Maturity Period completed, the Insured/ Nominee can apply for Claim. The policyholder can visit the nearest Kotak Life Branch Office to buy the Proposal form. Or the customer can go through the online to purchase the policy. The policyholder can also get the Kotak Child Plan through the agent.
Documents needed for Kotak Child Plan
- Application form/ Proposal form along with a photo.
- Address Proof.
- Age Proof.
- Medical reports (If required).
Claim Procedure for Kotak Child Insurance Plan
Nominees can claim for the Child Plan after the death of the life assured or after the successful completion of the premium.
The documents required to claim for the Kotak Life Child Plan are
- Original Policy Document.
- Proof of title.
- Death Proof.
- Medical treatment documents before death.
- Age proof.
- Additional documents in case of death occurred due to unnatural or accidental death.
Additional Information on Tata AIA Child Plans
Grace Period:
If the customer doesn’t pay the premium within the time, the company will extend the time to pay the premium is a grace period. Kotak Child Plan has a grace period of 30 days. The customer can pay the premium within this Grace Period.
Revival Period:
If the life assured doesn’t pay the premium within the grace period, then the Policy will be a lapse. A lapsed Term Plan will be revived within the two consecutive years from the date of first unpaid premium. This Term plan will be revived before the expiry period of the policy term.
Surrender Value:
If the insured wants to return the policy within the Minimum Policy Term, surrender value will the paid to the policyholder.
Free Look Period:
If the policyholder is not satisfied with the Terms and Conditions of the Policy, you can return your policy before completion of Free-look Period.
Policy Lapse: If the insured have not paid the premiums for the first three full years & also within the grace period, then your policy will close/ lapse. In this case, there are no benefits will be payable under this lapsed policy.
Surrender Value:
Kotak Child Plan can Surrender at any time during the Policy Term after full payment of premiums for three Successful years.
Kotak Life Insurance Contact Details
For more queries regarding your policy related requirements, call to the Kotak Mahindra Child Insurance Plan Customer care. (Or) Visit the nearest branch of Kotak Life Insurance Branch.
Contact Details:
Customer Care No: 1800 209 8800.
Call to: 91 22 6599 3626.
Fax: 91 22 6672 6254.
The official website of Kotak Life Insurance is www.insurance.kotak.com.
Kotak Life Insurance Mail Id is clientservicedesk@kotak.com.