Kotak Gen2Gen Protect

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You have always worked hard to meet your family's needs and made sure their aspirations are met. We realise that you have multiple roles to play as the head of the family. One of your important roles is being a responsible and caring parent. Have you ever wondered if your family will be able to maintain the same standard of living even without you, or will your child get the right amount of coverage? What if there is a life Insurance plan that ensures a Two-Generation cover where not only you have financial protection but your child is protected too?

Our Kotak Gen2Gen Protect safeguards your future while simultaneously also ensuring that you get a maturity benefit along with a free life cover for your child till retirement. Take the first step towards a brighter future for you and your child, no matter the uncertainties in your life.

Key Features

Return of Premium: Get life cover throughout the policy term and also get your premiums back on maturity as Sum Assured on Maturity
Two Plan Options: Get flexibility to choose between Life ROP Option and Legacy ROP Option, which suits your varied protection needs
Dual Generation Plan: Cover two generations under one single plan with Transfer of Basic Sum Assured under Legacy ROP Option
Additional Benefit for Female Lives: Additional Death Benefit of 5% is applicable for Female Lives
Inbuilt Wellness Benefits: Get access without any additional cost
Enhanced Protection with Riders: Enhance your insurance with appropriate rider options, on payment of additional premium
Tax^ Benefits: May be available as per applicable laws amended from time to time

How Does the Plan Work?

Step 1

Choose any one of the 2 Plan Options: Life ROP Option or Legacy ROP Option

Step 2

Choose your Basic Sum Assured

Step 3

Choose your Policy Term & Premium Payment Term based on your requirement

Step 4

Choose Optional additional coverage through 3 Riders:
- Kotak Permanent Disability Benefit Rider
- Kotak Critical Illness Plus Benefit Rider
- Kotak Accidental Death Benefit Rider

Step 5

Choose your Premium Payment Frequency as per your requirement

Eligibility

Eligibility Criteria

Life ROP Option

Legacy ROP Option

Entry Age (Age as on last birthday)

Minimum Age for Life Insured:

18 years

Maximum Age for Life Insured:

50 years (Maturity Age 70 / 75 years)

45 years (Maturity Age 60 / 65 years)

Minimum Age:

Life Insured: 18 years;

Secondary Life Insured: 3 months

Maximum Age for Life Insured:

45 years (Maturity Age 60 years)

50 years (Maturity Age 65 years)

Secondary Life Insured: 17 years

The Life Insured should be a major and Secondary Life insured should be a minor & the minimum Age gap between the Life Insured and Secondary Life Insured should be 18 years

The Secondary Life Insured should be a major at the start of the Extended Policy Term

Maturity Age (Age as on last birthday)

60 / 65 / 70 / 75 years (as per option chosen) 60 / 65 years (applicable for Life Insured)

Policy Term (PT)

60 – Age at Entry (Option 1)
65 – Age at Entry (Option 2)
70 – Age at Entry (Option 3)
75 – Age at Entry (Option 4)

60 - Age at Entry for Life Insured OR

65 - Age at Entry for Life Insured

Extended Policy Term

Not Applicable

Secondary Life Insured will be covered till Age 60 years from the end of Policy Term

Premium Payment Term (PPT)

Limited Pay: 5 / 7 / 10 / 12 years / Pay till 60

Note: Pay till 60 option shall not be available with Policy Term ‘60 – Age at Entry’

Premium Payment Mode

Yearly, Half-Yearly, Quarterly and Monthly

Modal Factor

The following modal loadings shall be used to calculate the instalment premium in case of Limited Premium Payment Options:

Yearly	100% of Annual Premium
Half-Yearly	51% of Annual Premium
Quarterly	26% of Annual Premium
Monthly	8.8% of Annual Premium

Premium

Minimum Premium shall vary basis the Basic Sum Assured, Plan Option, Life Insured Age, Secondary Life Insured Age, Distribution Channel, Smoker Status, Policy Term, Premium Payment Term & Premium Payment Mode

Basic Sum Assured

Minimum – Rs. 25,00,000

Maximum – No limit, subject to Underwriting Policy

Additional Protection with optional Riders

Kotak Accidental Death Benefit Rider - Lump sum benefit paid on accidental death in addition to Death Benefit under the base plan
Kotak Critical Illness Plus Benefit Rider - Rider Sum Assured shall be payable on admission of a claim on any one of the 37 covered critical illness, subject to terms and conditions, definitions and specific exclusions
Kotak Permanent Disability Benefit Rider - 120% of the Rider Sum Assured shall be payable over 5 years.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Kotak Gen2Gen Protect, UIN: 107N132V02; Kotak Permanent Disability Benefit Rider, UIN: 107B002V03; Kotak Critical Illness Plus Benefit Rider, UIN:107B020V02; Kotak Accidental Death Benefit Rider, UIN: 107B001V04.

This is a non-participating non-linked life insurance individual savings product. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on riders please read the Rider Brochure. ^You may avail of tax benefits as per the Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details. Goods and Services Tax and Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.

This website content only gives the salient features of the plan.

Kotak Mahindra Bank Ltd. is a corporate agent of Kotak Mahindra Life Insurance Company Limited with Corporate Agency License No: CA0250. Regd. Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. The plan is offered and underwritten by Kotak Mahindra Life Insurance Company Limited.

Participation by Kotak Mahindra Bank Ltd.’s customers to buy insurance policy is purely voluntary and there is no direct or indirect linkage between the provision of banking services offered by Kotak Mahindra Bank Ltd. to its customers and products/services offered by Kotak Mahindra Life Insurance Company Ltd. Insurance products/services are obligations of Kotak Mahindra Life Insurance Company Ltd and are not guaranteed by Kotak Mahindra Bank Ltd. Kotak Mahindra Life Insurance Company Ltd. shall be liable or responsible for all matters arising out of or pertaining to the insurance products/ services offered by it.

Kotak Mahindra Life Insurance Company Ltd.; CIN: U66030MH2000PLC128503 Regn. No.:107, Regd. Office: 8^th Floor, Plot # C-12, G-Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com; WhatsApp: 9321003007; Toll Free No: 18002098800 ; Ref. No.: KLI/24-25/E-WEB/2110

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.