Kotak Guaranteed Savings Plan
A Non-Participating Non-Linked Life Insurance Individual Savings Product
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
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![Limited premium]()
Limited premium
Limited premium payment options
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![Guaranteed<sup>@ </sup> Additions]()
Guaranteed@ Additions
After premium payment term, plan will accrue Guaranteed@ Additions for remaining term
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![Guaranteed <sup>@ </sup> Loyalty Addition]()
Guaranteed @ Loyalty Addition
Lump sum Guaranteed @ Loyalty Addition at the end of the policy term
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![Enhanced protection]()
Enhanced protection
Enhanced protection through optional rider
Eligibility
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![Eligibility]()
Entry Age: (as on last birthday)
- Min: 3 years
- Max: 60 years
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![Eligibility]()
Maximum Maturity Age: (as on last birthday)
- Min: 18 years
- Max: For 10 Policy Term: 70 years
For Other Policy Term: 75 years
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![Eligibility]()
Policy Term (Fixed)
- 10 years | 14 years | 15 years | 16 years / 20 years
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![Eligibility]()
Premium Levels
Frequency All Channels (except POS) POS Channel Minimum Maximum Minimum Maximum Yearly 12,000/- No Limit, but it will be subject to Broad Approved Underwriting Policy 20,000/- 120,000/- Half-Yearly 6,120/- 10,200/- 61,200/- Quarterly 3,120/- 5,200/- 31,200/- Monthly 1,056/- 1,760/- 10,560/- -
![Eligibility]()
Premium Payment Term
PPT Policy Term 5 Pay 10 Years 5 Pay, 7 Pay 14 Years 5 Pay, 8 Pay 16 Years 5 Pay, 10 Pay 15 Years 5 Pay, 10 Pay 20 Years -
![Eligibility]()
Premium Payment Mode
- Yearly, Half yearly, Quarterly, Monthly
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![Eligibility]()
Premium Modal Factor
- Following modal loadings will be used to calculate installment Premium: Yearly – 100% , Half yearly – 51% , Quarterly – 26% , Monthly – 8.8%
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![Eligibility]()
Basic Sum Assured
- Will be derived basis Premium, Age, PPT & Policy Term
Additional Protection with Optional Riders
Increase the protection level under the plan by choosing from the wide range of optional riders:
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![Additional Protection with Optional Riders]()
Kotak Term Benefit Rider
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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![Additional Protection with Optional Riders]()
Kotak Accidental Death Benefit Rider
In case of accidental death of life insured, rider sum assured will be paid along with death benefit under base plan.
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![Additional Protection with Optional Riders]()
Kotak Permanent Disability Benefit Rider
In case of life insured being permanently disabled due to accident, benefit is paid in instalments.
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![Additional Protection with Optional Riders]()
Kotak Life Guardian Benefit Rider
In case of death of policyholder (if different from Life Insured), outstanding premiums are waived and paid by Kotak Life Insurance.
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![Additional Protection with Optional Riders]()
Kotak Accidental Disability Guardian Benefit Rider
In case of accidental disability, outstanding premiums are waived and paid by Kotak Life Insurance.
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Ridera are not available with POSP variant.
Downloads
Download the brochure to know more about the plan and how it can benefit you.
Read about Tax benefits & Plan Disclaimer
Note: For policies availed through POS Channel,Riders shall not be allowed
Tax Benefits & Disclaimers
You may avail of tax benefits as per Income Tax Act, 1961 Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details. Goods and Services Tax and Cess as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
Terms & Conditions
Kotak Guaranteed Savings Plan UIN: 107N100V05. Kotak Term Benefit Rider, UIN: 107B003V03, Kotak Accidental Death Benefit Rider, UIN: 107B001V04, Kotak Permanent Disability Benefit Rider, UIN: 107B002V03, Kotak Life Guardian Benefit, UIN: 107B012V02, Kotak Accidental Disability Guardian Benefit, UIN: 107B011V02.
This is a non-participating non-linked life insurance individual savings product. This is a saving and protection oriented plan. For sub-standard lives, extra premium may be charged based on Kotak Life Insurance’s underwriting policy. 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. This product is available for sale through online mode.
@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. Ref. No.: KLI/24-25/E-WEB/938
Kotak Mahindra Life Insurance Company Ltd.
Reg No. 107 CIN : U66030MH2000PLC128503
Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400051. Toll Free: 1800 209 8800, Website: www.kotaklife.com, WhatsApp: 9321003007
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI or its officials do not involve 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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