Latest News | Kotak Mahindra Life Launches Unit-linked Term Insurance Plan

New Delhi, Jan 11 (PTI) Kotak Mahindra Life Insurance on Thursday announced the launch of a unit-linked term insurance plan that offers life cover up to 100 times of the annual premium.

The 'T.U.L.I.P' Term with Unit-Linked Insurance Plan also provides a customer the opportunity to earn returns like ULIP and additional protection against critical illnesses and accidental death.

Also Read | Mumbai Trans Harbour Link Special: From Speed Limit to Toll Prices, Here’s All About India’s Longest Sea Bridge Set to Be Inaugurated by PM Narendra Modi on January 12.

TULIP offers the customers comprehensive protection like a term plan and also the opportunity to grow their wealth like a ULIP, Kotak Mahindra Life Managing Director Mahesh Balasubramanian said here.

Launched with eight options, he said it is aimed at taking care of customer's core financial needs.

Also Read | APPSC Group 2 Recruitment 2024: Registration Date for 897 Posts Extended Till January 17, Know How To Apply.

The plan also comes with the flexibility to withdraw money in case of financial emergency.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)