Kotak Mahindra Old Mutual Life Insurance today announced the launch of Kotak Preferred e-Term Plan.
The plan has in-built 'Waiver of Premium on Total Permanent Disability' option, offered as standard feature.
In the event of the policy holder becoming totally and permanently disabled, he/she gets a 100 per cent premium waiver for the remainder of the policy term.
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Kotak Mahindra Old Mutual Life Insurance is a 74:26 joint venture between Kotak Mahindra Bank, its affiliates and Old Mutual plc, an international long-term savings, protection and investment group from South Africa.
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Tata AIA Life launches micro insurance plan * Tata AIA Life Insurance (Tata AIA Life) today launched Navkalyan Yojana, a micro life insurance solution for people below poverty line living either in villages or cities.
Navkalyan Yojana is a non-participating, regular premium paying, term insurance solution with a minimum entry age of 18 years and maximum of up to 60 years.
The solution offers a fixed policy term of five years with basic sum assured from Rs 10,000 to Rs 50,000.
Customers can choose to pay their premiums in annual, semi-annual and quarterly modes.
Tata AIA Life is a joint venture company formed by Tata Sons and AIA Group (AIA), comprising the largest independent publicly listed pan-Asian life insurance group.
