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This is a long-term savings and protection plan that provides financial security to cope with unfortunate contingencies along with the ability to save for your future financial needs.
Kotak Premier Endowment Plan
Non Linked Participating Endowment Plan
Your dreams for your family are important to you. But only regular and long term savings can ensure their fulfillment. We understand this and that is why we provide a great start to your savings with Kotak Premier Endowment Plan. It has Guaranteed Additions in the first 5 policy years. After all, isn't well begun half done? But that's not it; the plan works to provide you a corpus for your dreams through continued bonuses. In fact, it is just what you need, for your dreams to come alive.
Key features
@Guaranteed Additions
In the first 5 policy years, Guaranteed Additions at 5% p.a. (simple) of Basic Sum Assured will accrue; payable either on maturity or on death whichever is earlier.
Earn bonus from 6th policy year onwards
Bonuses start accruing from 6th year onwards.
Convenience to select from multiple options of premium payment term
Get the flexibility of paying regular premiums or limited premium payment for 5, 7, 10 or 15 years for various Term combinations.
Additional Protection through optional riders
Choose from 7 seven riders to increase the protection levels.
*Subject to the policy being in force
Eligibility
Age criteria
Entry age: Minimum: 18 years | Maximum: 60 years
Maturity age: Maximum: 70 years
Policy
Policy Term: Regular Pay: 10-30 years | Limited Pay: 5 Pay: 10 to 30 years | 7 Pay & 10 Pay: 15 to 30 years | 15 Pay: 20 to 30 years
Basic Sum Assured on maturity
Depends on minimum premium chosen, as mentioned above
For example: In a Regular Premium plan with 8,000 annual premium, following would be the Sum Assured for entry ages 18 & 60 yrs:
Similarly, minimum Sum for the limited premium payment term and policy term combinations are available. For details, please refer to the Calculator on our website.
Premium
Minimum: Regular Pay: Rs. 8,000 | Limited Pay: Rs.15,000
Premium Payment Details
Premium Payment Term (PPT): Regular Pay: Equal to Policy Term | Limited Pay: 5,7,10 & 15 years
Premium Payment Mode: Yearly, Half yearly, Quarterly, Monthly
Modal Factor (% of annual premium)
Yearly - 100%, Half yearly - 51%, Quarterly - 26%, Monthly - 8.8%
