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.
Let us take a look at the benefits that are provided by Kotak Life Insurance Savings & Investment Plans:
These are the savings and investment plans offered by Kotak:
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.
These are the benefits and features of Kotak Guaranteed Savings 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.
Let us take a look at the benefits and features of Kotak Premier Income 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.
Let us take a look at the benefits and features of Kotak Premier Life 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.
Let us take a look at the benefits and features of Kotak Single Invest Plus:
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.
Let us take a look at the benefits and features of Kotak Sampoorn Bima Micro-Insurance 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.
Let us take a look at the benefits and features of Kotak Assured Income Accelerator:
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.
Let us take a look at the benefits and features of Kotak Premier Moneyback 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.
These are some of the benefits and features of Kotak Classic Endowment 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.
These are some of the benefits and features of Kotak Assured Savings 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.
These are some of the benefits and features of Kotak Premier Endowment 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.
These are some of the benefits and features of Kotak Assured Income Plan:
This plan will help you earn maximum returns with its rare assortment of 3 major investment strategies.
These are some of the benefits and features of Kotak Platinum:
This is a unit linked insurance plan where you will be allowed to pay your premium only once.
These are some of the benefits and features of Kotak Single Invest Advantage:
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.
These are some of the benefits and features of Kotak Ace Investment:
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.
Let us discuss the benefits and features of Kotak Wealth Insurance:
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.
Let us discuss the benefits and features of Kotak Invest Maxima:
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.
Let us discuss the benefits and features of Kotak e-Assured Savings Plan:
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.
Let us discuss the benefits and features of Kotak Gramin Bima Yojana:
|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|
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.
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