Understanding Kotak Life Insurance Benefit Illustration: A Comprehensive Guide
A Kotak Life Insurance Benefit Illustration is a comprehensive document that outlines the potential benefits and features of a life insurance policy. It serves as a valuable tool in helping policyholders make informed decisions about their insurance coverage. For instance, a 30-year-old non-smoker opting for a Kotak plan worth 1 crore might receive a benefit illustration projecting the policy’s death benefit, maturity benefit, and bonuses over the policy term.