Kotak Guaranteed Savings Plan

Kotak Guaranteed Savings Plan

A Non-Linked Non-Participating Endowment Life Insurance Plan

Uncertainty is reality of Life. You cannot avoid it but you can always plan to handle it better. To help you in achieving the same, Kotak Life Insurance presents Kotak Guaranteed Savings Plan - a savings and protection oriented plan that provides 'Guaranteed@" benefits. So, be rest assured and be ready for whatever comes next and enjoy your Life...

Key features

Limited premium
Limited premium payment options

Guaranteed@ Additions
After premium payment term, plan will accrue Guaranteed@ Additions for remaining term

Guaranteed@ Loyalty Addition
Lump sum Guaranteed@ Loyalty Addition at the end of the policy term

Enhanced protection
Enhanced protection through optional rider

Eligibility

Entry Age: (as on last birthday)
Min: 3 years
Max: 60 years

Maximum Maturity Age: (as on last birthday)
Min: 18 years
Max: 75 years

Policy Term (Fixed)
14 years / 15 years / 16 years / 20 years

Premium Levels
Min: Rs. 20,000 p.a.
Max: No Limits, subject to Underwriting acceptance



Premium Payment Mode
Yearly, Half yearly, Quarterly, Monthly

Premium Modal Factor
Following modal loadings will be used to calculate installment Premium: Yearly - 100% , Half yearly - 51% , Quarterly - 26% , Monthly - 8.8%

Sum Assured
Will be derived basis Premium, Age, PPT & Policy Term