Kotak Life launches Kotak Signature Term Plan for Comprehensive Legacy Protection

Kotak Mahindra Life Insurance Company Ltd. ("Kotak Life") today announced the launch of the Kotak Signature Term Plan, a pure protection term insurance solution crafted for emerging affluent salaried professionals and entrepreneurs. This plan offers substantial coverage at competitive premiums, ensuring robust financial protection that enables families to sustain their lifestyles and continue building their legacies.

Mahesh Balasubramanian, MD & CEO of Kotak Life, said, "At Kotak Life, our focus has always been on delivering solutions that are both relevant and forward-looking. The Kotak Signature Term Plan is a thoughtfully designed solution for India's growing base of affluent professionals and entrepreneurs. It provides curated benefits aligned with their aspirations and reflects our dedication to understanding evolving customer needs, fostering innovation and empowering individuals to secure their future with confidence."

India is witnessing a new generation of aspirational and self-driven individuals who are not only earning but actively investing, saving and building a legacy (Viraasat) to safeguard their families' future. These individuals are shaping their financial futures through diverse instruments. However, financial progress is often not complemented by adequate protection planning.

To bridge this gap, Kotak Life offers a comprehensive suite of term insurance solutions that cater to various life stages and financial priorities. The Kotak Signature Term Plan enhances this portfolio by offering personalised benefits tailored to the ambitions and evolving needs of the emerging affluent segment, helping them secure the legacy they strive to build.

Shares of Kotak Mahindra Bank Limited was last trading in BSE at Rs. 2140.75 as compared to the previous close of Rs. 2171.95. The total number of shares traded during the day was 43957 in over 4197 trades.

The stock hit an intraday high of Rs. 2171.10 and intraday low of 2130.70. The net turnover during the day was Rs. 94225085.00.

Source : Equity Bulls

Keywords

KotakMahindraBank INE237A01028 KotakMahindraLifeInsuranceCompany KotakSignatureTermPlan