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Kotak reduces entry age for preferred plan

CHENNAI: Om Kotak Mahindra Life Insurance has reduced the entry age for Kotak Preferred Term Plan to 18 years from 25 years. The plan offers lower premium rates to people who meet the `preferred lives' criteria for non-tobacco-consuming men and women over the age of 25. It is suitable for covering outstanding debts such as mortgages and home loans due to its low premium rates.

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