Kotak Mahindra Life Insurance Announces the Launch of T.U.L.I.P
A unit linked term insurance that offers life cover upto 100 times of the annual
Chennai, January 4, 2024: Kotak Mahindra Life Insurance Company Limited (“Kotak Life”)
today announced the launch of T.U.L.I.P – Term with Unit Linked Insurance Plan. T.U.L.I.P. is a
unit linked term insurance plan that offers life cover upto 100 times of the annual premium while
giving a customer the opportunity to earn returns like a unit linked insurance plan (ULIP). It also
provides additional protection against critical illnesses and accidental death.
Mahesh Balasubramanian, Managing Director, Kotak Mahindra Life Insurance Company Limited
said, “Customer centricity has always been the DNA at Kotak Life. TULIP offers our customers
comprehensive protection like a term plan and also the opportunity to grow their wealth like a
ULIP. It is aimed at taking care of our customer’s core financial needs.”
T.U.L.I.P. is a step towards financially empowering individuals. It is in sync with our brand
promise, ‘Hum hain… hamesha’, where we give the assurance to be by our customers at every
step of their journey.
USP of T.U.L.I.P:
Life cover up to 100 times of the annual premium.
Loyalty additions up to 30% of fund value as a part of maturity benefits added by the
Refund of 2 times the premium allocation charges in the 10th, 11th, 12th and 13th year
Refund of 1 time to 3 times of the mortality charges from the 11th policy year onwards
Flexibility to withdraw money in case of a financial emergency
Accidental Death Benefit and Critical Illness rider
8 fund options to choose from to invest one’s money
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