Kotak Life Insurance launches Kotak Gen2Gen Income: A Dual Generation
Savings Plan
Pass on your financial legacy while enjoying lifetime income benefits
Mumbai / Chennai, March 6, 2025: Kotak Mahindra Life Insurance
Company Ltd ("Kotak Life") today announced the launch of its new
product, Kotak Gen2Gen Income—a non-linked savings plan designed to provide
comprehensive financial protection. This product features an industry-first offering
that provides income and protection for two generations within a single plan on
choosing the legacy option, thus passing on the financial security.
Kotak Gen2Gen Income offers flexible plan options with four distinct
choices, each tailored to meet diverse financial goals - from building a robust
retirement corpus to creating a legacy of wealth for your next
generation.
Mahesh Balasubramanian, MD of Kotak Mahindra Life Insurance Company
Limited, said, “Today's consumers have diverse financial needs and life insurance
solutions must be clear, compelling and aligned with their life stages. At
Kotak Life, our endevour is to innovate products that are rooted in deep
research and consumer insights, allowing us to not only meet but exceed
consumer expectations. Kotak Gen2Gen Income is a testament to this commitment.
We understand that passing down values and legacy is deeply ingrained in Indian
culture. With this unique offering, families can secure income and protection
for two generations within a single plan—helping them achieve financial
security while creating a lasting legacy for the future”.
Key Features of Kotak Gen2Gen Income:
1. Dual Generation - Income and Protection: Unique offering that covers
two generations under a single policy, upon selecting the legacy plan option
2. Multiple Plan Options: Flexibility to choose from four plan options
to fulfill your goals: Life Income, Legacy Income, Life Paid-Up Additions and
Legacy Paid-Up Additions
3. Inbuilt Wellness Benefits: Complimentary wellness benefits included
with every policy
4. Optional Riders: Comprehensive coverage with six rider options for
enhanced protection
5. Enhanced Benefits for Women: Higher Sum Assured offered for female
policyholders at the same premium rate 6. Enhanced Benefit for ECS / Auto
Debit: Additional benefit for premiums paid through ECS/Auto Debit
option
