Kotak Mahindra Life Insurance Company Ltd. (“Kotak Life”) today announced the launch of Kotak Signature Legacy, a whole life term plan that offers increasing life cover up to the age of 99 years; helping individuals strengthen their family’s long-term financial security and build a lasting legacy.

Kotak Signature Legacy responds to a reality among individuals in their 40s and beyond; their protection hasn't kept pace with their progress. 

As careers advance and responsibilities expand, financial commitments such as home loans, EMIs, long-term family goals and aspirations continue to rise. Yet many at this stage may find that their protection inadequate as existing cover is insufficient or not reviewed in a long time 

The Kotak Signature Legacy Plan bridges this gap by offering long-term protection that grows with evolving lifestyles and responsibilities, safeguarding financial security while fostering a lasting legacy.

Mahesh Balasubramanian, Managing Director, Kotak Life, said, “At Kotak Life, our unwavering commitment is to innovate and deliver products that truly meet our customers' evolving needs. Kotak Signature Legacy enables individuals to strengthen their growing protection needs with a plan that progresses along with their life journey. We believe this product will play a significant role in helping families achieve lasting financial security with confidence and peace of mind.”

The product offers two plan options:

• Legacy Plan- Whole life cover (till age 99) with increasing life cover
• Legacy Plus Plan- Whole life cover (till age 99) with increasing life cover and return of premium 

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The product provides a host of in-built benefits, including coverage for terminal illness, an accidental death benefit during the premium payment term and an accelerated critical illness benefit after the premium payment term. Customers also gain access to health and wellness benefits, including complementary medical check-ups every three years.