"Spending a whole day looking for insurance is fun," said nobody, EVER!
Loading your search...
Close

Tell us about yourself & we'll find the best Term/Cancer Life Insurance offers for you.

  • Kotak Mahindra Child Plans

    Haven’t you always wanted everything to be perfect for your children? You can make this happen by taking an excellent insurance plan for your child. Kotak Life Insurance offers an exclusive insurance plan for children. With the help of this plan, your child can reach great heights. Your child can focus on his or her academics, hobbies, and passions thoroughly. When you take this plan, you are enabling your kid to hone his or her skills and to face all challenges in the forthcoming years. The child plan offered by Kotak is known as Kotak Headstart Child Assure. This plan provides great life insurance coverage to your children.

    Benefits and Features of the Child Plan Provided by Kotak Mahindra Life Insurance:

    Let us take at the benefits and features of the child plan offered by Kotak:

    • This child insurance plan will provide extensive coverage for your children. If something happens to the parent during the policy term, this plan can be used for the child’s well-being. The child does not have to miss out on the good things of life due to a parent’s loss.
    • The costs for funding a child’s education and extracurricular activities are extremely expensive and are going up each day. This is where a child insurance plan comes into the picture. A Kotak child insurance plan will support you in making financial arrangements for all these needs.
    • The child insurance plan will help you accumulate funds for your child’s necessities.

    List of Child Insurance Plans Provided by Kotak Mahindra Life Insurance:

    This is the child insurance plan offered by Kotak Mahindra Life Insurance:

    Kotak Headstart Child Assure Plan:

    This is a unit linked insurance plan that will assist you in sponsoring your kid’s academic and other plans. It also safeguards your child’s prospective goals such as career goals, wedding arrangements, etc. It is a dual benefit plan that allows you to make investments as well as receive protection.

    Benefits and Features of Kotak Headstart Child Assure Plan:

    Let us take a look at the benefits and features of this plan:

    • This plan will help in expanding your funds for sponsoring your child’s requirements such as education, sports, arts, and other activities.
    • Under this plan, your child will be the beneficiary. The child will be able to get a triple benefit if the life insured dies during the policy period. The triple benefit comprises basic sum assured which will be given right after the death, a waiver on the premium, and the provision of the fund value after the policy matures.
    • Once the life insured dies, the premium will no longer have to be paid and all the remaining premiums will be included in the fund value. The policy will be retained until the policy term gets over. Thus, the funds of the policy will be left behind for your child’s future needs.
    • Under this plan, you will get a maturity benefit. Once the plan matures, you can acquire the complete fund value. You may also choose to take a part of your money in the form of cash and the remaining amount in installments. This can be done for up to 5 years after the policy matures.
    • You will need funds every now and then to meet your child’s specific needs. Keeping this in mind, Kotak permits you to withdraw amounts from this plan at any time after the 5th policy year.
    • You will receive tax benefits according to the rules mentioned in Section 10(10D) and Section 80C of the Income-tax Act, 1961. You should be informed that tax laws get amended on a frequent basis. Therefore, you must always check with your tax consultant for updated and accurate details.
    • The additional benefits provided by this plan include switching of plans, change in premium allocation, and policy discontinuance.

    Table showing the details of Kotak Child Insurance Plan:

    Plan name Entry age Maturity age Premium
    Kotak Headstart Child Assure 18 to 60 years Information not provided 5 Premium Payment Term (PPT) Annually: Rs.50,000 p.a. Half-yearly: Rs.25,000 Regular and 10 PPT Annually: Rs.20,000 p.a. Half-yearly: Rs.25,000

    Why one needs Kotak Mahindra Child Plan?

    Kotak Mahindra Life Insurance specialises in providing exclusive insurance plans for different categories of individuals. Be it a salaried employee or a self-employed individual or a child or a retired person, the company offers tailor-made policies for each customer. The child plan offered by Kotak is very beneficial as it will cater to the specific needs of bringing up a child. This plan will also enable the parent in financially guiding their child to take his or her career path. Most importantly, the child will not be left in the lurch when the parent has an unfortunate death. The child plan offered by Kotak will keep the child financially safe and secure.

    This Insurance Company has not partnered with BankBazaarInsurance.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    This insurance company/organisation is not a partner of Bankbazaarinsurance.com. The content provided here is for informational purposes only. Readers should visit the branch office/website of the insurer for more details. The logos, trademarks, and other intellectual property on display belong to their respective owners.

    Kotak Mahindra Child Plans Reviews

    • review Life Insurance
      "Good for family protection"
      0.5 5.0/5 "Blown Away!"
      Kotak Mahindra insurance is trusted one, when I opt for the term insurance. I got the policy bond, I selected the life cover of Rs. 50 lakhs for the term of 10 years. I used to pay the premium amount around Rs. 80,000, after my loss my nominees will get the lump sum amount.
      Was this review helpful? 0
      , kurnool
      Reviewed on Oct 26, 2018
    • review Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      Through ECS, I have paid my payment for my insurance policy. I have taken policy in the year of 2013. I will made payment of Rs. 2285. I will receive a sum assured amount after the maturity. Total tenure period of the policy is 2023. I have chosen the every month payment mode.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Aug 29, 2018
    • review Life Insurance
      "BETTER"
      0.5 4.0/5 "Great!"
      I have been using my life insurance from kotak life since last 5 years and it covers the self. The maturity period of this policy is for the 15 years also the premium i pay in yearly basis and i have taken this particular policy is that it is a very good policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2018
    • review Life Insurance
      "GOOD"
      0.5 4.5/5 "Excellent!"
      The name of the policy is that SMART ADVANTAGE the maturity is for the 10 years and i am using it since 9 years and documentation i have done it through the offline with simple process. The reason is that the plan is good so i took also the premium i pay through the cash and sometimes through the online.
      Was this review helpful? 0
      , nira
      Reviewed on Aug 09, 2018
    • review Life Insurance
      "Customer service is not helpful"
      0.5 3.0/5 "Satisfactory"
      I ve taken the policy from Kotak mahindra. I could not able login in the net banking, I have raised the complaint regrading this. Its almost more than 2 years, still its not resolved. They are properly responding in the customer care regarding this issue other than this they are giving alternative option to pay the premium. I used to receive a regular reminder to pay the policy. Whenever i'm calling they don't have any concern to resolve my issue.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 09, 2018
    • review Life Insurance
      "Overall good"
      0.5 4.5/5 "Excellent!"
      My term insurance is with KOTAK MAHINDRA OLD MUTUAL LIFE INSURANCE. They are pretty good in the overall services. They provide a good sum assured and the benefits are fine. There are online options to make a payment and the premium is also normal for me which is paid on a yearly basis.
      Was this review helpful? 0
      , auraiya
      Reviewed on Jul 14, 2018
    • review Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My life insurance is with Kotak Mahindra life. The customer services are good. It is a normal policy and I am satisfied with the sum assured and the plan benefits. The payment options are also convenient. I can pay it online. In all no issues faced till date.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 03, 2018
    • review Life Insurance
      "Beneficial policy"
      0.5 5.0/5 "Blown Away!"
      It is a term insurance with Kotak Mahindra life insurance. The benefit of this policy is the tenure is for 20 years but I would get bonus returns on the 12 year and the 16th year and 25% extra on the sum assured after the maturity term. The payment mode is also good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 09, 2018
    • review Life Insurance
      "Good Protection for Family"
      0.5 5.0/5 "Blown Away!"
      It same as money back policy, I have taken on my spouse name. I make the premium nearly Rs. 24,000 in Kotak Mahindra life insurance. Every five years my wife get the bonus interest around Rs. 60,000. After 15 years, they provide lump sum amount or else we can convert the partial amount into monthly pension.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 13, 2018
    • review Life Insurance
      "Good Beneficial return policy"
      0.5 5.0/5 "Blown Away!"
      I have money back policy from Kotak life insurance, its a good policy I get return after the maturity period. But every five years they give some bonus interest for the premium, after 15 years I get some lump sum assured. However I should pay for only 10 years of premium around Rs. 24,000 on annual basis.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 13, 2018
    • review Life Insurance
      "Good Investment Policy for Future"
      0.5 4.0/5 "Great!"
      I should keep following the customer care to get the information about the funding value. I have been paying the life insurance premium around five years. I have Life insurance for the term of 20 y ears, after that I would get the good return value + interest around 10 lakhs from Kotak Mahindra.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 13, 2018
    • review Life Insurance
      "Good term policy"
      0.5 4.0/5 "Great!"
      I own a Term insurance policy from the private sector insurance company KOTAK MAHINDRA OLD MUTUAL LIFE INSURANCE. My annual premium amount is Rs.20,000/- which is very affordable. But I dint get any additional or non claim bonus benefits from the insurance company.
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 09, 2018
    • review Life Insurance
      "Good Protection for my family"
      0.5 5.0/5 "Blown Away!"
      I am getting good coverage and good premium in Kotak Mahindra Life insurance, its a term policy for the tenure of 10 years but the cover for a period of 75 year. I make yearly payment around Rs. 48,000, they give the sum assured value of around 1 crore, which includes accidental , critical illness cover etc.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 04, 2018
    Common Loader Icon