Kotak Life launches term plan for emerging affluent Indians

The new offering expands Kotak Life’s range of term insurance products.

Kotak Mahindra Life Insurance Company Ltd. has launched the Kotak Signature Term Plan, a protection-focused term insurance product aimed at emerging affluent salaried professionals and entrepreneurs in India. 

The plan offers high coverage at competitive premiums.

According to Kotak Life MD and CEO Mahesh Balasubramanian, the product is designed to address the insurance needs of India’s growing base of upwardly mobile professionals and entrepreneurs. 

He said the plan provides benefits aligned with their financial goals and aims to support long-term protection planning.

The company noted that whilst more individuals are actively earning, saving, and investing, many lack sufficient insurance coverage. 

The new offering expands Kotak Life’s range of term insurance products, which are designed to meet a variety of life stages and financial goals. 

The Kotak Signature Term Plan provides customisable options to help this segment secure their financial future.