Kotak Mahindra Life Insurance has 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 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.