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  • Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

  • Kotak Health Shield

    The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.

  • Kotak Lifetime Income Plan

    Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!

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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
    Note: Riders shall not be available for policies purchased through POS distribution channel.

  • Enjoy tax benefit

    as per applicable tax laws

Eligibility

  • Eligibility Entry Age (as on last birthday) Maximum Maturity Age (as on last birthday) Policy Term & Premium Payment Term (PPT)
    For All Channels (except POS) For POS Channel
    Min: 3 years Max: 60 years Min: 3 years Max: 65 years less Policy Term
    Min: 18 years Max: 75 years Min: 18 years Max: 65 years
    PPT
    Policy Term
    5 Pay
    10 | 15 years
    6 Pay
    12 | 18 years
    7 Pay
    14 | 20 years
    10 Pay
    15 | 20 years
  • Determined on the basis of minimum premium amount, entry age, policy term and PPT Example: For Rs. 20,000 annual premium, following shall be the Basic Sum Assured for entry ages 3 & 50 years:

    Minimum Basic Sum Assured
    Age Policy Term Premium Payment Term Basic Sum Assured (Rs.)
    3 years 15 years 5 years 1,36,780
    3 years 20 years 10 years 2,42,340
    50 years 15 years 10 years 1,45,488

    For details, please refer to the premium calculator on the website.

  • Maximum Basic Sum Assured Determined on the basis of minimum premium amount, entry age, policy term and PPT subject to UW Rules Rs. 25,00,000
  • Annualized Premium Premium Payment Mode Premium Payment Option Premium Modal Factor (% of annualized premium)
    Min: Rs. 20,000 Max: No limit, subject to underwriting Min: Rs. 20,000 Max: Rs. 1,50,000
    Yearly, Half-yearly, Quarterly, Monthly
    Limited only
    Yearly - 100% , Half yearly - 51% , Quarterly - 26% , Monthly - 8.8%

Additional protection with optional Riders

  • Kotak Term Benefit

    In case of death of the life insured, rider sum assured will be paid in addition to the death benefit under the base plan.

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  • Kotak Accidental Death Benefit Rider

    In 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.

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  • Kotak Permanent Disability Benefit Rider

    In case of life insured being permanently disabled due to accident, benefit is paid in installments.

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  • Kotak Life Guardian Benefit

    In case of death of the policyholder (if different from Life Insured), outstanding premiums are waived and will be paid by Kotak Life Insurance.

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  • Kotak Accidental Disability Guardian Benefit

    In case of accidental disability, outstanding premiums are waived and will be paid by Kotak Life Insurance.

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  • Kotak Critical Illness Plus Benefit Rider

    Rider Sum Assured shall be paid in part or whole, in case the Life Insured is diagnosed with any of the 37 Critical Illnesses (subject to terms and conditions)

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Download the brochure to know more about the plan and how it can benefit you.

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Send a "Hi" to 93210 03007, from your registered mobile number.

Get in touch with our Customer Care team

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Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

Call our toll free number and our representative will help you buy the most suitable plan.

Get Answers to the commonly asked questions

Policy FAQs

Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

Tax benefits are subject to conditions specified as per Income-Tax Act, 1961.Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.

Terms & Conditions

@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 savings-cum-protection oriented non-participating endowment assurance plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.For more details on riders, please read the Rider Brochure.

Kotak Assured Savings Plan UIN: 107N081V03, Form No: N081. Kotak Term Benefit Rider - 107B003V03, Form No. B003, Kotak Accidental Death Benefit Rider UIN:107B001V03, Form No.: B001, Kotak Permanent Disability Benefit Rider UIN: 107B002V03, Form No.: B002, Kotak Life Guardian Benefit Rider - 107B012V02, Kotak Accidental Disability Guardian Benefit Rider - 107B011V02, Kotak Critical Illness
Plus Benefit Rider UIN No.: 107B020V01, Form No.: B020, Ref. No.: KLI/21-22/E-WEB/332

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd.

Reg No. 107
CIN : U66030MH2000PLC128503
2nd Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)
Website: https://insurance.kotak.com
Email: clientservicedesk@kotak.com

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

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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