The below mentioned Riders/ Value-adds are additional benefits that can be added to the basic individual plans at a minimal additional cost. All riders have to be taken at the time of commencement of the basic plan and the rider term has to be equal to the term of the basic plan only.

Term Benefit / Preferred Term Benefit: (Available with Kotak Endowment Plan, Kotak Money Back Plan, Kotak Retirement Income Plan, Kotak Capital Multiplier Plan, Kotak Safe Investment Plan II)

In the event of death during the term of this benefit, the beneficiary would receive an additional death benefit amount, which is over and above the sum assured. The maximum term benefit you can avail of is equal to the basic sum assured. Where the Term Benefit cover applied for is more than Rs.10 lakhs, better rates may apply, subject to meeting eligibility requirements.

Accidental Death Benefit: (Available with Kotak Endowment Plan, Kotak Money Back Plan, Kotak Term Plan, Kotak Preferred Term Plan, Kotak Retirement Income Plan, Kotak Capital Multiplier Plan, Kotak Safe Investment Plan II)

This benefit provides an additional amount (over and above the basic sum assured) to the beneficiary in the event of the accidental death of the life insured. The maximum cover available under this benefit is equal to the basic sum assured (subject to a maximum of Rs.10 lakhs).

Permanent Disability Benefit: (Available with Kotak Endowment Plan, Kotak Money Back Plan, Kotak Term Plan, Kotak Preferred Term Plan, Kotak Retirement Income Plan, Kotak Capital Multiplier Plan, Kotak Safe Investment Plan II)

This benefit provides financial support in case of your permanent disability due to an accident. The amount payable is over and above the basic sum assured and would be paid out as an annuity. The maximum Permanent Disability Benefit that you can avail of is equal to the basic sum assured (subject to a maximum of Rs.10 lakhs).

Permanent disability is defined as a permanent and immediate inability to work, the permanent loss of use of two limbs or a total and permanent loss of sight.

Critical Illness Benefit: (Available with Kotak Endowment Plan, Kotak Money Back Plan, Kotak Term Plan, Kotak Preferred Term Plan, Kotak Retirement Income Plan, Kotak Capital Multiplier Plan, Kotak Safe Investment Plan II)

This benefit can be taken with the basic life insurance plan to provide financial support in the event of medical emergencies. On the first occurrence of critical illness during the term of the policy, you would receive a portion of the sum assured to reduce your financial burden in this emergency.

The maximum Critical Illness Benefit that you can avail of is equal to half the basic sum assured subject to maximum of Rs. 20 lakhs.

The list of critical illnesses is:

1. Heart attack
2. Cancer
3. Stroke
4. Coronary artery by-pass graft surgery (CABG)
5. Kidney failure
6. Major organ transplants
7. Paralysis
8. Loss of limbs
9. Aorta surgery
10. Major burns
11. Heart valve surgery
12. Blindness

Life Guardian Benefit: (Available with Kotak Endowment Plan, Kotak Money Back Plan, Kotak Child Advantage Plan, Kotak Retirement Income Plan, Kotak Capital Multiplier Plan)

This benefit can be availed of, only in a case where the life insured and the proposer are two different individuals. In case of the unfortunate death of the proposer, this benefit keeps the policy alive by waiving all future premiums on the policy.

Accidental Disability Guardian Benefit: (Available with Kotak Endowment Plan, Kotak Money Back Plan, Kotak Child Advantage Plan, Kotak Retirement Income Plan, Kotak Capital Multiplier Plan, Kotak Safe Investment Plan II)

This benefit can be availed of, only in a case where the life insured and the proposer are two different individuals. In case the proposer is permanently disabled as a result of an accident, this benefit keeps the policy alive by waiving all future premiums on the policy.