Kotak Life Savings & Investment Plans

Kotak Life Insurance is a leading insurance company that provides numerous life insurance plans for life cover, savings, and investment purposes as well. The company has a special category known as Savings and Investment Plans that enables individuals to save their income and gain excellent returns. Under this category, you can choose from 18 plans provided by the company. These plans provide savings as well as protection. With these plans, you can attain your unique financial goals by saving your funds skilfully. Kotak Life Insurance understands that each person’s financial situation and financial requirements are diverse and unique. Keeping this in mind, the company offers an assorted range of plans with the common purpose of helping you save for years to come.

Benefits of Kotak Life Insurance Savings & Investment Plans:

Let us take a look at the benefits that are provided by Kotak Life Insurance Savings & Investment Plans:

• These plans help you in maintaining a good balance between your prevailing monetary difficulties and your family’s protection in the future.
• If you are striving to create a basic foundation monetarily, you should ideally take any one of the savings and investment plans offered by Kotak Life. These plans will guide you to establish an elementary base with regard to your finances.
• These savings and investment plans will help you lead a decent lifestyle presently as well as ensure that you have a risk-free future.
• Some of these plans are non-linked participating policies. These are beneficial to you as the premiums will be lesser and hence, your cost of buying an insurance policy will be low.
• You can also go for a participating life insurance plan where you will be paid dividends by the company.
• Some plans will give you accrued bonuses after your policy term expires.

List of Savings & Investment Plans offered by Kotak Life Insurance:

These are the savings and investment plans offered by Kotak:

Kotak Guaranteed Savings Plan:

This is a non-linked insurance plan. It is a plan that gives you both savings as well as protection. This non-participating plan offers certain guaranteed benefits. When you take this plan, you can be prepared for any kind of phase in your life.

Benefits and Features of Kotak Guaranteed Savings Plan:

These are the benefits and features of Kotak Guaranteed Savings Plan:

• You can pay your premium by choosing any of the different payment modes.
• After the policy period is complete, you will receive a lump sum guaranteed loyalty addition.
• Once the premium payment term is complete, you will receive guaranteed additions for the leftover period of the policy. Guaranteed additions are given after death as well as after maturity.
• If you choose to take additional riders, you will get boosted protection.
• After the policy term, you will get guaranteed maturity benefit that comprises the basic sum assured, guaranteed loyalty addition, and the accrued guaranteed additions.

Kotak Premier Income Plan:

This is a limited pay participating life insurance plan. You will receive a guaranteed annual income once the policy period is done. This way, you will get an extra annual income which can be used for any purpose.

Benefits and Features of Kotak Premier Income Plan:

Let us take a look at the benefits and features of Kotak Premier Income Plan:

• Apart from receiving life cover for the entire policy period, you will also gain accrued bonuses after a policy period expires. This bonus will be given in a lump sum.
• This plan is especially beneficial to women and non-tobacco consumers. The plan gives excellent sum assured rates for women.
• With this plan, you will receive guaranteed annual income payouts whenever every policy year starts. This way, your savings will increase each year.
• When you declare your terminal bonuses and simple reversionary bonuses on an annual basis, your funds will increase. You will have to declare these bonuses when your policy matures.
• The guaranteed annual income rates depend on the percentage of annualised premium and the premium payment term. For an 8-pay term, the rate will be 103% of annualised premium. For a 12-pay term, the rate will be 113% of annualised premium. For a 10-pay term, the rate will be 113% of annualised premium.

Kotak Premier Life Plan:

This is a whole life insurance plan that allows you to manage both your current financial requirements as well as funds for you and your family’s well-being.

Benefits and Features Kotak Premier Life Plan:

Let us take a look at the benefits and features of Kotak Premier Life Plan:

• This plan helps you to make a firm financial base right from scratch. You can use these funds to meet your emergency needs.
• This plan provides discounts on premiums for women and for high sum assured on maturity.
• You will get protection for up to age 99.
• You can choose to obtain your bonus payouts or collect all your bonus payouts under the same plan.
• This plan provides a death benefit and a survival benefit.
• For the bonuses, you will need to select either paid-up additions or cash payout.

Kotak Single Invest Plus Plan:

This is a unit-linked joint life insurance plan that is offered with a single premium. You will not have liquidity for the first 5 years of the term when you go for a linked insurance product. This indicates that you cannot withdraw or cancel any money that you have in your insurance product. The best part about this plan is that you need to make a payment only once. This savings plan comes with a joint life protection cover where protection is provided to both the lives.

Benefits and Features Kotak Single Invest Plus Plan:

Let us take a look at the benefits and features of Kotak Single Invest Plus:

• You will receive extra units known as loyalty additions after the 10th policy year if you have taken a 10-year policy term. If you have chosen a 15-year policy term, you will get these loyalty additions after the 10th policy year and the 15th policy year. If your premium amount is lesser than Rs.7 lakhs, you will get a loyalty addition of 3.6%. When your premium amount is equal to or above Rs.7 lakhs, you will get a loyalty addition of 4%.
• Under the joint life cover, life cover is given to 2 lives. The principal life insured will get cover in case of a sudden death or terminal illness or permanent disability. The other person who will get cover should be an immediate family member such as spouse, child, parent, grandchild, or grandparent. If the minor is involved in the joint life, there should be a legal guardian.
• When you go for this plan, you can select any of the several types of funds where you can invest.

Kotak Sampoorn Bima Micro-Insurance Plan:

This plan is offered at a single premium of Rs.200. It is specifically designed for the lower income sections of the society. The plan is given for a period of 5 years.

Benefits and Features of Kotak Sampoorn Bima Micro-Insurance Plan:

Let us take a look at the benefits and features of Kotak Sampoorn Bima Micro-Insurance Plan:

• You will receive a maturity benefit with this plan. This will be determined by the entry age of the life insured.
• This plan gives Rs.5,000 to the nominee of the life insured when the life insured dies. This particular amount is offered for managing urgent needs.
• For this plan, you will not be required to take any medical examinations.
• This plan provides cover for suicide. If the life insured commits suicide within one year since when the policy has been sanctioned, the nominee will be able to obtain 80% of the single premium.
• This plan provides a free look period of 15 days. During this period, one may return the policy within 15 or 30 days if he or she is not satisfied with any of the plan’s terms and conditions.
• This plan gives guaranteed payout when the policy matures and when the policyholder dies.

Kotak Assured Income Accelerator Plan:

This is an endowment insurance plan that provides you with guaranteed returns. It is specially designed to enhance your income on a large scale. Due to the fluctuating market conditions, you may wonder if you will receive high returns when you invest in any plan. However, when you go for a Kotak Assured Income Accelerator, you will receive income every year which will increase as the years go by.

Benefits and Features of Kotak Assured Income Accelerator Plan:

Let us take a look at the benefits and features of Kotak Assured Income Accelerator:

• You will receive guaranteed income after every payout period.
• This plan provides you with income boosters which will raise your income from 5 to 7% on an annual basis.
• Whether you receive your guaranteed income or not, your nominee will be given a death benefit for sure.
• Under this plan, if you pay a higher annual premium, you will receive a higher guaranteed income.
• This plan understands that each policyholder will have different lifestyles and diverse financial conditions. Therefore, the plan enables you to design your protection plan extensively by selecting any of the several riders. With customised protection, you can make sure that you get maximum coverage along with optimum savings.
• At the end of each payout period, you will receive an income rate and this differs for 15 PPT, 10 PPT, and 7 PPT. With the income boosters that are provided by this plan, you these income rates will rise by a certain percentage.
• This plan will help you save on taxes as you will receive tax benefits when you receive benefits as per Section 10(10D) of Income Tax Act, 1961. When you pay your premiums, you will get tax benefits as per Section 80(C).

Kotak Premier Moneyback Plan:

This plan is an excellent savings instrument as well as a great insurance plan. With this plan, you will receive cashbacks frequently. These cashbacks will be determined by a percentage of the basic sum assured.

Benefits and Features of Kotak Premier Moneyback Plan:

Let us take a look at the benefits and features of Kotak Premier Moneyback Plan:

• You can support your family in meeting their several financial needs with the help of the lump sum amounts that are provided at regular intervals.
• This plan will give you bonuses from the first year itself.
• You can get a superior death cover for an accidental death.
• This plan is a participating insurance plan where you will be entitled to get dividends from Kotak Life Insurance. Hence, it is an excellent way to save your money and generate high returns.
• Apart from the majority payout that you will normally get, you will also receive a maturity addition in a lump sum. This maturity addition will be ascertained by the basic sum assured.
• The benefits provided by the plan include death benefit, maturity benefit, and accidental death benefit.

Kotak Classic Endowment Plan:

This participating insurance plan is given for a long tenure. It offers protection and also serves as an excellent instrument to collect your wealth extensively. You will get protection up to age 75.

Benefits and Features of Kotak Classic Endowment Plan:

These are some of the benefits and features of Kotak Classic Endowment Plan:

• This plan provides a bonus on an annual basis from your first policy year itself.
• You can choose to pay your premiums in a flexible manner according to your financial condition.
• When you have a high sum assured for maturity, you will get a discount on your premium. This will enable you to save money.
• You will get to choose the sum assured that you will get after maturity. Depending on this amount, your premiums will get fixed. Once the policy matures, you will get the maturity benefit and this includes the sum assured as well as the accumulated bonuses.

Kotak Assured Savings Plan:

This plan gives guaranteed benefits and protection and also helps you in building your wealth proficiently. It is very important that you accumulate your hard-earned money in an adept way as funds need to be saved competently by keeping the market value of all your assets in mind.

Benefits and Features of Kotak Assured Savings Plan:

These are some of the benefits and features of Kotak Assured Savings Plan:

• This plan will provide you with a guaranteed maturity benefit when your plan matures and this includes basic sum assured, guaranteed loyalty addition, and accumulated guaranteed annual additions.
• When you pay your premiums for a longer time, you can enjoy better benefits such as higher guaranteed loyalty additions and guaranteed yearly additions.
• The best feature about this plan is that it comes with a growing life cover. Each time you pay your premium, you will get a guaranteed yearly addition.
• In this plan, the basic sum assured is determined by the policy period, age of the policyholder, premium, and the premium payment term (PPT).

Kotak Premier Endowment Plan:

This is a long-term plan that helps you save money and also maintain monetary security for the well-being of you and your family. When you choose this plan, you will receive bonuses from the 6th year of the policy.

Benefits and Features of Kotak Premier Endowment Plan:

These are some of the benefits and features of Kotak Premier Endowment Plan:

• You will receive guaranteed additions during the first 5 years of your policy. These additions will be arrived at by calculating a 5% p.a. of your basic sum assured.
• The benefits provided by this plan include maturity benefit, basic sum assured, and death benefit.
• You have a settlement option in this plan where you can choose a lump sum payout and collect the full amount in one go or obtain the maturity proceeds in parts. This option is available for both maturity benefit and death benefit.

Kotak Assured Income Plan:

This income plan equips you with an extra source of income. With this additional income, you can organise your entire household requirements. For a period of 15 years, you will receive an assured annual income.

Benefits and Features of Kotak Assured Income Plan:

These are some of the benefits and features of Kotak Assured Income Plan:

• This plan will give you an extra lump sum when you policy term expires. This lump sum will be determined by your entry age.
• You will receive protection for a period of 30 years.
• In this plan, you will receive a basic sum assured which is 10 times the annual premium.
• Under this plan, you will get a life cover for your full policy period.

Kotak Platinum Plan:

This plan will help you earn maximum returns with its rare assortment of 3 major investment strategies.

Benefits and Features of Kotak Platinum Plan:

These are some of the benefits and features of Kotak Platinum:

• You can increase your savings over a long term with the help of the survival units offered by this plan.
• The unique feature of this plan is that you can withdraw your own funds at frequent intervals. You can enjoy liquidity with this plan.
• Under this plan, premiums are allocated at 98.5 to 95% and so you will receive excellent returns.

Kotak Single Invest Advantage Plan:

This is a unit linked insurance plan where you will be allowed to pay your premium only once.

Benefits and Features of Kotak Single Invest Advantage Plan:

These are some of the benefits and features of Kotak Single Invest Advantage:

• This plan offers good liquidity where you can take out your funds when you are in need of money for various purposes.
• You will receive loyalty additions with this plan. Along with this, your funds will continue to get invested in this plan.
• You can choose from 3 investment strategies where one is self-managed, one is based on age, and one is a systematic switching strategy.

Kotak Ace Investment Plan:

This is a unit linked plan that is exclusively designed for investment purposes. Depending on your needs, you will receive life cover according to your preferences.

Benefits and Features of Kotak Ace Investment Plan:

These are some of the benefits and features of Kotak Ace Investment:

• With this plan, you can allot your funds in sterling investment strategies.
• You will be allowed to pay your premiums as per your financial condition.
• You can withdraw your money at regular intervals.
• This plan allows you to select any investment strategy by assessing the various risks involved. By evaluating the risks and returns of each strategy, you can select any of them.

Kotak Wealth Insurance Plan:

This is unit-linked insurance plan that enables you to invest your funds frequently. Apart from this, you will also get a comprehensive cover which will give security to your beloved ones.

Benefits and Features of Kotak Wealth Insurance Plan:

Let us discuss the benefits and features of Kotak Wealth Insurance:

• With this plan, you will get a corpus of funds via the returns generated by the product. This corpus will be provided when the policy matures.
• In case the life insured dies, the nominee will get the complete basic sum assured right away. This is given to cover the sudden loss of funds.
• This plan will give you a certain fund value in your main account as well as a lump sum amount.

Kotak Invest Maxima Plan:

This is a unit-linked product that has a very high premium allocation. It also comes with a Systematic Switching Strategy that gives you exposure to the financial equity market proficiently.

Benefits and features of Kotak Invest Maxima Plan:

Let us discuss the benefits and features of Kotak Invest Maxima:

• The best part about this plan is that it does not ask you for any premium allocation fee. This way, your cost of buying an insurance plan will be lower and you can also earn higher returns.
• With the Systematic Switching Strategy, you can put your money in the Money Market Fund and then move a fixed amount of money to a Frontline Equity Fund or a Classic Opportunities Fund.

Kotak e-Assured Savings Plan:

This is one of the online plans provided by Kotak through which you can purchase the policy on the official website of Kotak Life Insurance. It helps you collect and increase your wealth and also provides protection to you. By taking this plan, you can make financial arrangements for your specific needs.

Benefits and features of Kotak e-Assured Savings Plan:

Let us discuss the benefits and features of Kotak e-Assured Savings Plan:

• You will get a guaranteed yearly addition whenever you pay your premium.
• The plan will give you a guaranteed maturity benefit and this comprises accumulated guaranteed yearly additions, basic sum assured, and guaranteed loyalty addition.
• You will receive tax benefits as per Section 80(C) and Section 10(10D).
• When the premium payment term is done, the plan will go on until it matures.

Kotak Gramin Bima Yojana:

This is a plan that has been specifically launched for people living in villages. You will need to pay your premium only once. You will receive a guaranteed payout when the policy matures and when the life insured dies.

Benefits and Features of Kotak Gramin Bima Yojana:

Let us discuss the benefits and features of Kotak Gramin Bima Yojana:

• The policy period is fixed and it lasts for 15 years.
• The benefits offered by this plan include maturity benefit, death benefit, and surrender benefit.
• You can use the surrender benefit when you require your funds sometime during the policy period for some emergency purpose. This plan allows you to surrender the policy and you will receive a Guaranteed Surrender Value (GSV). This value is arrived at by calculating a percentage of the single premium that you would have paid.

Plan name	Entry age	Maturity age	Premium
Kotak Guaranteed Savings Plan	3 to 60 years	18 to 75 years	Minimum: Rs.20,000 p.a. Maximum: Depends on underwriting acceptance.
Kotak Premier Income Plan	3 to 50 years (8 pay) or up to 55 years (10 and 12 pay)	18 to 78 years	Minimum: Rs.30,000 p.a. for 8 and 10 pay Rs.25,000 p.a. for 12 pay Maximum: It is limitless and it depends on underwriting acceptance.
Kotak Premier Life Plan	Minimum: 3 years Maximum: 55 years for an 8-year Premium Payment Term (PPT) 53 years for a 12-year PPT 50 years for a 15-year PPT 45 years for a 20-year PPT	99 years	Minimum premium depends on the sum assured after maturity, gender, entry age, and premium payment option. Maximum premium: There is no limit and this depends on underwriting.
Kotak Single Invest Plus	Primary life Minimum: 18 years Maximum: 55 years for a 10-year term 52 years for a 15-year term Secondary life Minimum: 3 years Maximum: 55 years for a 10-year term 52 years for a 15-year term	Primary life Minimum: 28 years Maximum: 65 years for a 10-year term 67 years for a 15-year term Secondary life Minimum: 18 years Maximum: 65 years for a 10-year term 67 years for a 15-year term	Minimum: Rs.3,00,000 Maximum: There is no limit.
Kotak Sampoorn Bima Micro-Insurance Plan	18 to 55 years	60 years	Rs.200
Kotak Assured Income Accelerator	Minimum: 0 years Maximum: 60 years for a 7 Premium Payment Term (PPT) 60 years for a 10 PPT 55 years for a 15 PPT	18 to 85 years	Minimum annual premium: Rs.15,000 Maximum: There is no limit depending on underwriting.
Kotak Premier Moneyback Plan	Minimum: 2 years Maximum: 51 years for a 24-year term 55 years for a 20-year term 59 years for a 16-year term	75 years	Minimum premium is determined by the minimum sum assured Maximum premium is determined by the sum assured levels.
Kotak Classic Endowment Plan	PT or PPT combination of 15 or 7 years: 0 to 58 years Limited pay: 0 to 60 years Regular pay: 0 to 55 years	18 to 75 years	PT or PPT combination of 15 or 7 years: Rs.12,000 Limited pay: Rs.7,000 Regular pay: Rs.7,000
Kotak Assured Savings Plan	3 to 60 years	18 to 75 years	Minimum: Rs.20,000 Maximum: There is no specific limit. It depends on underwriting.
Kotak Premier Endowment Plan	18 to 60 years	Up to 70 years	Limited pay: Rs.15,000 p.a. Regular pay: Rs.8,000 p.a.
Kotak Assured Income Plan	0 to 60 years	Up to 90 years	Minimum: Rs.15,000 Maximum: There is no limit.
Kotak Platinum	0 to 65 years	18 to 75 years	Minimum Monthly: Rs.8,250 Quarterly: Rs.24,750 Half-yearly: Rs.49,500 Annual: Rs.99,000 Maximum: No limit
Kotak Single Invest Advantage	For a 10-year policy term: 8 to 45 years For a 15-year policy term: 3 to 43 years	Minimum: 18 years Maximum: For a 10-year policy term: 55 years For a 15-year policy term: 58 years	Minimum: Rs.300,000 Maximum: There is no limit.
Kotak Ace Investment	0 to 65 years	18 to 75 years	Minimum for regular pay Monthly: Rs.3,000 Quarterly: Rs.9,000 Half-yearly: Rs.18,000 Annually: Rs.30,000 Minimum for limited pay Monthly: Rs.5,000 Quarterly: Rs.9,000 Half-yearly: Rs.30,000 Annually: Rs.50,000 Maximum: There is no limit.
Kotak Wealth Insurance	Policyholder: 18 to 65 years Life assured: 0 to 65 years	75 years	Minimum limited premium: Rs.20,000 Minimum regular premium: Rs.50,000
Kotak Invest Maxima	0 to 65 years	10 to 75 years	Single: Rs.1,00,000 to Rs.2,50,000 Limited: Rs.75,000 to Rs.1,00,000
Kotak e-Assured Savings Plan	3 to 60 years	18 to 75 years	Minimum: Rs.20,000 Maximum: There is no limit, it depends on underwriting.
Kotak Gramin Bima Yojana	18 to 45 years	60 years	Rs.1,500 to Rs.20,000

Why one needs Kotak Life Insurance Savings & Investment Plans?

You should go for any of the numerous Kotak Life Insurance savings and investment plans if you are passionate about investing your income in trustworthy instruments that are cost-efficient as well as profitable. These plans allow you to make a judicial decision while investing your money. You will be given the opportunity to examine the risks and returns that are associated with each plan and then pick any one plan.

Each savings and investment plan provided by Kotak not only helps you in financial management, it also offers life cover. Therefore, these plans provide the much needed monetary assistance to you today and tomorrow.