Kotak Life unveils transferable policy

Hyderabad: Kotak Mahindra Life Insurance Company Ltd (Kotak Life), a renowned insurer has launcheda new policy, Kotak Gen2Gen Protect. This product offers a feature with an option of covering two generations with one plan.

The plan offers100 per cent guaranteed return of premium benefit on survival,it offers a flexibility of transferring the complete risk cover to the child, when the parent (primary life insured) turns sixty or sixty-five years of age.

After attaining this risk cover stays on with the child till the age of sixty. Mahesh Balasubramanian, MD, Kotak Life, said: “As an organisation, our unwavering dedication is to innovate and curate products that exceed our customers’ expectations.