Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and insurance in one premium.
Kotak Lifetime Income Plan
Retirement years are the golden years of life.
Our representative will get in touch with you at the earliest.
A non-participating guaranteed income anticipated endowment insurance plan
Let your savings accelerate your income. Whether you are an entrepreneur, an employee or a professional, you work hard to improve your performance, resulting in increased income year on year. Even with your savings, you expect to fetch a value that increases with every passing year. Kotak Assured Income Accelerator offers a unique way to get risk free returns. It ensures that you get Guaranteed@ Income every year on the same amount of savings and that your Guaranteed Income increases year on year – a plan that truly grows with your savings!
Mr. Sharma is a 35 years old Government employee
He chooses an annual premium of Rs. 60,000/-* for a premium payment term of 15 years and a policy term of 30 years which helps determine Basic Sum Assured and Guaranteed Income.Guaranteed Income Payout frequency chosen is yearly.
He pays premiums every year for the selected premium payment term
After premium payment term of 15 years expires, he gets Guaranteed Income starting at Rs. 87,900 /- at the end of the 16th policy year, gradually increasing during Payout Period
At the age of 65, the plan matures and Mr. Sharma enjoys the last installment of increasing payout and the Guaranteed Maturity Benefit totaling to Rs. 4,04,442/-
He can finally invest in building a home in his native land.
Also, in case of an unfortunate event of his death, his nominee will receive the death benefit as defined in the policy.
* 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.
Payable during the Payout Period either in monthly /yearly frequency
Through Income Boosters from 5% to 7% yearly
With higher annual premium
Irrespective of Guaranteed Income already paid
Along with the last payout
Through a wide range of Riders
As per applicable tax laws
| For All Channels (except POS) | POS Channel only |
|---|---|
| Min: 0 years Max: 7 PPT – 60 years | 10 PPT – 60 years | 15 PPT – 55 years |
Min : 0 years Max: 7 PPT – 50 years 10 PPT – 45 years |
| For All Channels (except POS) | POS Channel only |
|---|---|
| Minimum: 18 years Maximum: 85 years |
Minimum: 18 years Maximum: 65 years |
| For All Channels (except POS) | POS Channel only |
|---|---|
| 7 pay: 15 years 10 pay: 20 years 15 pay: 30 years |
7 pay: 15 years 10 pay: 20 years |
| For All Channels (except POS) | POS Channel only |
|---|---|
| Minimum: 15,000 Maximum: No limit, subject to underwriting |
Min: Rs. 15,000 Max: Annual : Rs 2,25,000 Half-yearly : Rs 1,14,750 Quarterly : Rs 58,500 Monthly : Rs 19,800 |
In case of death of life insured, rider sum assured will be paid in addition to death benefit under the base plan.
DownloadIn case of death of the life insured due to accident, rider sum assured will be paid in addition to the death benefit under the base plan.
DownloadIn case of life insured being permanently disabled due to accident, benefit is paid in installments.
DownloadIn case of death of the policyholder (if different from Life Insured), outstanding premiums are waived and will be paid by Kotak Life Insurance.
DownloadIn case of accidental disability, outstanding premiums are waived and will be paid by Kotak Life Insurance.
DownloadRider Sum Assured shall be paid in part or whole, in case the Life Insured is diagnosed with any of the 37 Critical Illness (subject to terms and conditions)
DownloadDownload the brochure to know more about the plan and how it can benefit you.
Send a "Hi" to 93210 03007, from your registered mobile number.
Call our toll free number and our representatives will assist you with all your queries.
You may avail of tax benefits under Section 80C, and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.
Kotak Assured Income Accelerator: 107N089V03, Form No: N089 Kotak Term Benefit Rider –107B003V03 Form No. B003, Kotak Accidental Death Benefit Rider – 107B001V02 Form No.B001, Kotak Permanent Disability Benefit Rider – 107B002V02 Form No. B002, Kotak Life Guardian Benefit Rider – 107B012V02 Form No. B012, Kotak Accidental Disability Guardian Benefit – 107B011V02 Form No. B011, Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V01 Form No. 020. Ref. No.: KLI/21-22/E-WEB/1105
@Guaranteed benefits due under this plan are available provided premiums are paid regularly for the entire premium payment term and the policy is in force. This is a non-participating guaranteed income anticipated endowment plan. For sub-standard lives, extra premium may be charged based on Kotak Life’ss underwriting policy. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For details on riders, please read the Rider Brochure. For policies issued through POS channel, Riders shall not be allowed.
Regd. Office:
Reg No. 107
CIN : U66030MH2000PLC128503
8th Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)
Website: www.kotaklife.com
WhatsApp: 9321003007
Email: clientservicedesk@kotak.com
For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
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