Kotak Life's T.U.L.I.P Wins Product of the Year 2024 Award

Kotak Mahindra Life Insurance Company's product T.U.L.I.P – Term with Unit Linked Insurance Plan receives the prestigious 'Product of the Year 2024' award for innovation in life insurance under the ULIP category. T.U.L.I.P combines life cover and investment opportunities, offering comprehensive financial protection.

Kotak Mahindra Life Insurance Company's T.U.L.I.P – Term with Unit Linked Insurance Plan has been honored with the prestigious 'Product of the Year 2024' award under the 'Life Insurance – ULIP' category at the 16th Edition of the Product of the Year (POY) Awards. This award, recognized globally, celebrates consumer-voted product innovation.

Established over three decades ago in France, POY currently operates in over 40 countries.

T.U.L.I.P. is a unit linked term insurance plan offering life cover up to 100 times the annual premium, while providing investment returns similar to ULIPs. It also includes additional protection against critical illnesses and accidental death.

Mahesh Balasubramanian, Managing Director of Kotak Life Insurance, expressed elation over the award, stating, ''We are thrilled by this recognition, which reflects our consumer-focused innovation. T.U.L.I.P meets our customers' needs for comprehensive financial protection and wealth growth.''

Kotak Life Insurance is a subsidiary of Kotak Mahindra Bank, providing empathetic and innovative insurance products. With 292 branches across India, Kotak Life has covered over 5 crore active lives as of March 31, 2024. For more details, visit www.kotaklife.com.

(With inputs from agencies.)