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Mumbai:
Kotak Mahindra Old Mutual Life Insurance Ltd has launched
Kotak Premium Return Plan (KPRP), a product that offers
life protection and return of premium on maturity if the
insured person survives, a company release said.
Launched
for the customers of Kotak Mahindra Bank, KPRP assures
a sum on death, and return of a minimum of premia paid
if the insured person survives the plan's maturity. It
offers 10-year, 15-year
and 20-year term options, attracting maturity benefits
in the range of 100 per cent, 111 per cent and 125 per
cent of the premia paid respectively.
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