What are your views on the Kotak Gen2Gen Term Plan?

[Tanishka]

Considering the Kotak Gen2Gen Term Plan, what are its key features, benefits, and drawbacks, especially regarding coverage for two generations and return of premium options?

[Reema]

This plan offers a unique "two-generation" coverage (you and your child under one policy). It provides you with tax benefits, a premium return option at maturity, and long-term coverage.

Kotak Gen2Gen Term Plan might be pricier than other term plans. While it covers two generations, the coverage for the child usually ends around their retirement age (e.g., 60).