Kotak Assured Savings Plan

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