KOtak E term or Kotak term plan?

POSTED BY Geet ON October 2, 2011 10:41 am COMMENTS (2)

Hi,

I am looking for 1.30 Cr cover for term insurance.

As checked, the premium for the samebelow is the premium value-

Kotak E-preferred term – 11732

Kotak preferred term plan – 13611

However, as checked, Kotak preferred tem plan has got Accidental death rider, permanent Disability rider & Crtitical Illness Rider.

Kotak e-preferred tem plan has got setpup option only.

Which one shall I go for? Does the rider mean that in case I become permanent disabled, I would get 1.30Cr straight?

An advise on this would be greatly appreciated.

Thanks in advance.

 

Regards,

Geet

 

 

2 replies on this article “KOtak E term or Kotak term plan?”

  1. DP says:

    Dear Geet, as right suggested by Mr. Shah, riders have an upper limit. Particularly in case of Kotak 10 Lac each for Accidental Death and Disability and 20 Lac in case of critical illness.

    My personal advise will be to go with Offline product since benefit of term plan will be only at the time of eventuality and it is a good agent which will come handy at that time of claim. Though with online one saves some money but there is no benefit of those savings if the family has to run around for claim. Even though claim processes are streamlined and transparent but who wants family to run after it. Agents are being paid commission for their services….

    Regards

    DP

  2. bharat shah says:

    for riders you have to pay additional premium for selected rider , and there is restriction of upper limit for each rider . you should refer the offer document.

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