Kotak Assured Savings Plan enables you to accumulate wealth and strengthens your finances for the future.
Kotak Assured Savings Plan
A Non-Participating Endowment Assurance Plan
Take confident steps towards your financial goals. Life insurance policies are more than just modes of protection. They can also play an active role in helping you reach your financial goals. The Kotak Assured Savings Plan enables you to accumulate wealth and strengthens your finances for the future. It not only offers you affordable protection but also helps accumulate enough wealth to help achieve your financial goals through guaranteed benefits.
How it works
Mr. Shetty is a 35 year old family man who buys Kotak Assured Savings Plan, he chooses a premium payment term of 10 years for a policy term of 15 years
He pays an annual premium of Rs. 1,00,000/-*
He determines the Basic Sum Assured as per Premium, Policy Term, Premium Payment Term and his age
Premium payment term expires and the policy continues till maturity
At maturity, Mr. Shetty receives Guaranteed Maturity Benefit which is Sum of Basic Sum Assured + Accrued Guaranteed Yearly Additions + Guaranteed Loyalty Addition
Mr. Shetty nominates his wife. In case of an unfortunate event of Mr. Shetty's death during the term of the plan, she would receive Basic Death Benefit + Guaranteed Yearly Additions accrued as on the date of death.
* The above Premium figures are exclusive of Goods and Services Tax and Cess. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums.
Key features
Guaranteed@ Maturity Benefit: Payable at maturity
Get Basic Sum Assured PLUS
Accrued Guaranteed@ Yearly Additions PLUS
Enjoy Guaranteed@ Loyalty Addition
Get increasing life cover
Enjoy Guaranteed@ Yearly Additions added every time you pay the premium - payable at maturity or death, whichever is earlier.
Enjoy higher benefits with longer premium commitment
Get increased Guaranteed@ Yearly Additions and Guaranteed@ Loyalty Addition with increase in Premium Payment Term (PPT)
Get more value for money
Through high premium benefit leading to higher Basic Sum Assured
Enhanced protection
Through a wide range of Riders
Enjoy tax benefit
as per applicable tax laws
Eligibility