Kotak Mahindra Life launches unit-linked term insurance plan

Current Context: Kotak Mahindra Life Insurance has launched a new product named ‘T.U.L.I.P’ (Term with Unit-Linked Insurance Plan) on January 11, 2024.

• This plan offers life cover up to 100 times of the annual premium.
• It also provides a customer the opportunity to earn returns like a ULIP and additional protection against critical illnesses and accidental death.
• The T.U.L.I.P plan offers comprehensive protection like a term plan and also the opportunity to grow their wealth like a ULIP.
• It is launched with eight options and is aimed at taking care of customer’s core financial needs.
• The plan also comes with the flexibility to withdraw money in case of a financial emergency.
• Unit-linked insurance Plans (ULIPs) are a category of life insurance that offers an opportunity to grow your money over the long term and protect your family through life cover.

Question:

Q.1 Who launched the T.U.L.I.P plan?
a. HDFC Life Insurance
b. ICICI Prudential Life Insurance
c. Kotak Mahindra Life Insurance
d. Bajaj Allianz Life Insurance