Kotak Saving Plan Review
Kotak Saving Plan is the best plan offered by the Kotak Life Insurance Company. Everyone save their money for their future purpose or child’s education or retirement or other purposes. The main advantage of this savings plan is life cover and regular cash inflow whenever the policyholder needs the money. This Kotak Endowment Plan will give the guaranteed and best amount for your investment in their company. It offers all types of savings and investment plans for the convenience of customers. This saving plan helps an individual to receive money payouts at regular intervals of time. The Kotak Investment Plan gives the interest to your amount at the time of maturity. Kotak Saving Plan provides the death and maturity benefits also.
Kotak Investment Plan is an insurance in which individual contributes money on a regular basis to reach a financial goal on a short or long-term basis. Buy the Kotak Saving Plan through online.
Why do we need to buy Kotak Endowment Plan?
Kotak Saving Plans presents a reliable tool for increasing your funds and in turn offering a life cover to its consumers. Kotak Endowment Plan, Kotak Money-Back plans are most effective if you are keen on building large sum of funds at regular intervals. These come handy for those who would like to save for certain purposes at various point of time in their life, for instance for buying various assets. It provides investors with periodic funds payout.
Kotak Investment Plan Key Features and Benefits
Kotak Life Insurance offers the best policies with a wide range of benefits for you and your family. For Kotak Savings and Investment Plan, there are some features, Benefits that mentioned below. Kotak Saving Plan offers customized policy that can enclose almost any need that you might have.
Kotak Savings Plan Benefits
- Death Benefit: If the insured had died within the policy period, then the annualized premium amount will be payable to their family members or nominee chosen by the policyholder.
- Maturity Benefit: You will get the maturity amount with accrued bonus.
- Tax Benefit: You can get tax benefit on Kotak Saving Plan for premiums paid under section 80(80C) as per IT (Income Tax) Act for the death benefit received by the insured family members. For information bout Tax on Insurance Policies, refer www.taxqueries.in.
Kotak Savings Plan Features
- Single pay premium.
- For riders, there is an additional protection.
- Ever year, the company gives the guaranteed Income payable during the period payout.
- Guaranteed payout on death and maturity.
- Flexibility to choose from wide range of term options as per suitability.
- Minimum charges – Maximum earnings.
Kotak Saving Plans
Kotak Life Insurance Company provides the best and all types of Kotak Saving Plan. They give the additional coverages, benefits and other details in the Kotak Savings Plan. The benefits are covered as per the plan opted. So please refer the Kotak Investment Plans which are given below.
List of Kotak Savings and Investment Plans
- Kotak Premier Life Plan.
- Kotak Single Invest Plus.
- Kotak Sampoorn Bima Micro-Insurance Plan.
- Kotak Assured Income Accelerator.
- Kotak Gramin Bima Yojana.
- Kotak Premier Money back Plan.
- Kotak Classic Endowment Plan.
- Kotak Assured Savings Plan.
- Kotak Assured Income Plan.
- Kotak Platinum.
- Kotak Single Invest Advantage.
- Kotak Ace Investment.
- Kotak Wealth Insurance.
- Kotak Invest Maxima.
- Kotak Premier Endowment Plan.
- Kotak e-Assured Savings Plan.
Overview of Kotak Saving Plans
Below, we are giving the brief details about each and every Kotak Saving Plan.
Kotak Premier Life Plan is a new plan offered by Kotak Life Insurance Company. It offers the protection plan up to the age of 99 years. For riders also, there are more benefits. It gives the survival and maturity benefits also. This plan gives the fixed premium payment options for the years of 8,12,15 and 20. to know more about this New Kotak Saving Plan, refer the below link.
Kotak Premier Life Plan
Kotak Sampoorn Bima Micro-Insurance Plan has a guaranteed benefit on death and maturity. It is a single premium plan of Rs. 200. Medical tests are not required. The maximum maturity age is 60 years. The policy term is fixed for 5 years. To take this plan, the age is from 18 to 55 years. To know more benefits and features, refer the below link.
Kotak Sampoorn Bima Micro-Insurance Plan
Kotak Assured Income Accelerator is a non – participating money back plan. It gives the guaranteed income to the insured during the payout period. Every year, the guaranteed income is from 5 to 7 %. This Kotak Saving Plan gives the death benefit when guaranteed income already paid. There is a wide range of advantages for riders. For entry age equal to or less than 50 years, then the death benefit is 11 times of annual premium. Refer the below link, to get more details.
Kotak Assured Income Accelerator
Kotak Gramin Bima Yojana is a plan taken from the age of 18 to 45 years. It is a one-time payment, i.e., single premium. The policy term is fixed for 15 years. The maximum maturity age is 60 years. The sum assured of the death benefit is 500 % of the single premium paid. For more details of this Kotak Gramin Bima Yojana Plan, click the below link.
Kotak Gramin Bima Yojana Plan
Kotak Premier Money back Plan is inbuilt with an accidental death benefit. It is taken from the age of 2 to 59 years. The customer can earn the bonuses from 1st year onwards. Bulge sum of maturity addition is given under this policy. The maturity age is 75 years. The premium payment mode is monthly, quarterly, half – yearly and yearly. The policy term is fixed for 16, 20, 24 years. Find more features and benefits, refer the below link.
Kotak Premier Money back Plan
Kotak Assured Savings Plan is a traditional savings plan along with protection oriented plan with guaranteed benefits. For death benefit, higher of 11 times of annual premium will be given at the age of less than 50 years. There are benefits for riders also. In this plan, they are giving the policy loan also. For detailed information, refer the below link.
Kotak Assured Savings Plan
Kotak Assured Income Plan gives the annual income up to 15 years. It also provides the protection to the insured up to 15 years. There is a guaranteed maturity benefit. The policyholder family receives the 106% of sum assured under death benefit. For riders, there are different types of coverage options. This plan gives the policy loan after 3 completion of paying a premium. The entry age to take this policy is 0 to 60 years. The policy term is 30 years. The premium payment term is 10 years. To know more about this Kotak Saving Plan, refer the below link.
Kotak Assured Income Plan
Kotak Platinum is a plan that offers low charges to increase your wealth. The entry age to take this policy is from 0 to 65 years. The policy term is from 10 to 30 years. The maturity age is minimum 18 years and maximum 75 years. Choose the best objective in the investment strategy that suits you. In this plan, policy loan is not available. The death benefit is equal to 105% of the total premiums paid including top-ups also. The insured can enjoy the liquidity by partial withdrawals. Refer the below link, to get more details about this Kotak Saving Plan – Kotak Platinum.
Kotak Platinum Plan
Kotak e-Assured Savings Plan has the Longer the premium commitment to achieve higher benefits. The insured use the online services to buy this policy. The death benefit for 5 years is 110% of sum assured. For 10 years, 120% of sum assured. The entry age is from 3 to 60 years. The maturity age is 18 to 75 years. To know features and benefits of this plan, refer the below link.
Kotak e-Assured Savings Plan
Kotak Wealth Insurance is a comprehensive triple protection plan. It gives the 100% of the Basic Sum Assured, Fund Value, and Lump sum Benefits. The entry age of this policy is from 18 to 65 years. The policy term is 10/15/20/25/30 years. The insured has to pay the premium yearly once. To know more about this plan, refer the below link.
Kotak Wealth Insurance Plan
Overview of Kotak Investment Plan
Kotak Single Invest Plus is a Single Premium Unit-linked plan. It provides Joint Life cover. Loyalty additions are available here. The policy term is from 10 and 15 years. To take this plan for primary life, the minimum age is from 18 years. And for secondary life, the minimum age is from 3 years. The maximum age is 55 years. For the age of 55 years, the policy term is 10 years. For the age of 52 years, the policy term is 15 years. To know more information, click the below link.
Kotak Single Invest Plus
Kotak Single Invest Advantage is a one-time payment plan. It covers loyalty additions also. For the entry age of 8 years and 45 years, the policy term is 10 years. For 3 years and 43 years, the policy term is 15 years. The policy term is fixed for 10 and 15 years. The basic sum assured is 10 times of the single premium. There are 3 investment strategies. Choose any one of the investment strategies. For more information this Kotak Saving Plan – Kotak Single Invest Advantage Plan, refer the below link.
Kotak Single Invest Advantage Plan
Kotak Ace Investment is a plan that the insured can choose the one or more investment strategies. The policy term is 10/15/20/25/30 years. The maximum entry age is 65 years. The maturity age is 18 to 75 years. Regular and Limited premium payment terms are there. For 5 years, the policy term is 10 years. For 10 years, the policy term is 15/20/25/30 years. There is a partial withdrawal option. The minimum partial withdrawal is Rs. 10,000/-. To get more details about this Kotak Saving Plan – Kotak ACE Investment Plan, click the below link.
Kotak Ace Investment Plan
Kotak Invest Maxima is a plan that have 2 portfolio strategies. They are Systematic Switching Strategy and Self Managed. There is no premium allocation charge. You can pay the premium regular, limited and single premium. The policy terms are fixed, and it varies for the premium you may choose. There is the availability of top-up premiums. The minimum top-up premium is Rs. 10,000/-. There is no limit to a maximum. For more details about this Kotak Saving Plan – Kotak Invest Maxima, refer the below link.
Kotak Invest Maxima Plan
Overview of Kotak Endowment Plan
Kotak Premier Endowment Plan is a policy that the insured has to choice the multiple options to pay the premium. There is an earned bonus from 6th policy year onwards. This plan is taken from the age of 18 to 60 years. The maximum maturity age is 70 years. There is a limited payment option to pay the premium of 5, 7, 10, 15 years. To know more about this Kotak Saving plan – Kotak Premium Endowment Plan, click the below link.
Kotak Premier Endowment Plan
Kotak Classic Endowment Plan is also a money back plan, and it is inbuilt with an accidental death benefit. It is taken from the age of 3 to 60 years. This plan gives the protection up to the age of 75 years. This plan works like protection cover for your financial goals in future. The insured get bonuses from the 6th year onwards. To know more about this Kotak Saving Plan, refer the below link.
Kotak Classic Endowment Plan
Kotak Life Insurance Related Posts
Here, we are providing the related posts of the Kotak Life Insurance. Click the below links, if you want to know the details about the Kotak Life Insurance Login, Kotak Saving Plan Online Payment, Kotak Life Insurance Forms and Documents, Kotak Investment Plan Policy Status, Kotak Endowment Plan Calculator, and Kotak Life Insurance Recruitment.