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A savings plan is the smart way to build wealth steadily while maintaining complete financial stability. Your commitment to regular contributions is what builds long-term wealth, all while being secured by valuable life insurance protection.... A disciplined savings plan is the perfect vehicle for this approach, giving you access to both assured returns and significant tax benefits. The right savings plan becomes the tool you use to fund a child's education, guarantee your retirement, and achieve your major life goals with absolute confidence. Read more
Pay ₹10,000/month& for 10 years
Get
₹26,40,213 Lakhsafter 20th year
Death benefit/Life cover upto:
₹26,40,213 Lakhs#
Guaranteed@Returns
Pay ₹1,00,000 year& for 10 years
Get(at the end of 11thyear)
₹1,15,236/year for 25 years
Life cover/death benefit:
₹13,20,000$
Plan Option: Income Only
Savings plans are financial solutions that help you set aside money regularly to prepare for future needs while offering life insurance protection. These plans promote disciplined saving habits and offer a combination of security and returns. A savings plan can help you accumulate a huge corpus over time, ensuring you're financially prepared for life goals such as buying a home, funding your child’s education, or planning for retirement.
Most savings plans come with a maturity benefit that is paid out at the end of the policy term. Some also offer regular income options, giving you greater control and flexibility. In addition to financial growth, saving plans provide insurance coverage, offering peace of mind for you and your family in case of unforeseen circumstances.
Many plans can be customized with add-ons like critical illness coverage or accidental death benefits, making them a well-rounded financial solution. Whether you’re looking for stability, growth, or protection, choosing the best savings plan aligned with your financial goals can help you move forward with confidence.
Invest in a Savings PlanA savings plan does more than grow money. It builds the financial bedrock for your future and creates a clear path to your biggest goals. It is a powerful tool to enforce your own success.
Kotak Life offers some of the savings plans that give guaranteed@ returns. Check out Kotak Life savings plans:
Kotak Guaranteed Savings Plan
Kotak Get Assured Income Now (GAIN)
Kotak SmartLife Plan
Kotak Sampoorn Bima Micro-Insurance Plan
Kotak Classic Endowment Plan
Kotak Gen2Gen Income
To build serious wealth and secure your future, you need the right tools. India’s financial markets offer a powerful selection. Your choice of instrument must be a decision based on your personal goals, risk tolerance, and timeline. A good savings plan's job is to execute your unique financial vision, whether that means the absolute safety of a government scheme or the growth potential of a market-linked product.
A Fixed Deposit (FD) is a foundational investment where you deposit a lump sum for a fixed period to get a guaranteed rate of interest. It is a cornerstone of any conservative financial strategy.
A Recurring Deposit (RD) is simply a commitment to invest a fixed monthly sum over a specified term. The structure itself builds an automated saving discipline.
The Public Provident Fund (PPF) is the government's premier savings instrument for retirement, and is highly prized for its unique combination of safety, high returns, and tax efficiency.
The NSC is a fixed-income investment you get through India Post. It remains a popular choice for investors wanting secure, long-term savings and clear tax advantages.
The government had one purpose when creating this savings scheme: to empower a girl child financially. It is purely dedicated to funding her future education and marriage.
EPF is the mandatory retirement fund for professionals on a salary in India. Your employer must make a matching contribution for the part of your salary that is automatically invested.
Mutual funds gather money from countless investors to purchase a diversified portfolio of securities. Professional fund managers run these investments, a structure perfect for long-term wealth generation.
A ULIP has a hybrid design, combining investment and life insurance inside a single policy where your premiums are split between market-linked funds and a life cover component.
This is a class of mutual fund or insurance plan built to create a consistent income stream. They invest heavily in debt to produce stable, predictable returns.
A Money Back Plan is a type of life insurance that gives you periodic payouts during its term. This design provides a unique mix of insurance coverage and liquidity.
An endowment plan is both a life insurance policy and an investment tool, built to provide a lump sum payment at maturity or upon the policyholder's death.
This is a simple and highly accessible savings account offered by India Post. It functions much like a regular bank savings account but is backed by the sovereign guarantee of the government.
The SCSS is the government's retirement program built exclusively for India's senior citizens. It gives them a secure investment option that is coupled with a regular income.
The government's social security scheme, APY, provides a pension to workers in the unorganized sector. The structure is built to ensure a stable income stream after retirement.
The NPS is a government-regulated, long-term retirement investment vehicle, and it is open to all employees from the public, private, and unorganized sectors.
| Savings Plan | Returns / Interest Rate | Lock-in Period | Minimum & Maximum Premium Amount | Tax Benefits |
|---|---|---|---|---|
| Fixed Deposits (FDs) | Fixed interest, higher than savings accounts | 7 days to 10 years | Varies by bank, no fixed minimum | Interest taxable, principal under Section 80C if applicable |
| Recurring Deposits (RDs) | Fixed interest rate, higher than savings accounts | 6 months to 10 years | Monthly installments as per plan | Interest taxable, principal under Section 80C if applicable |
| Public Provident Fund (PPF) | Guaranteed returns, currently ~7.1% p.a. | 15 years | ₹500 to ₹1.5 lakh per year | Triple tax exemption: contribution, interest, maturity |
| National Savings Certificate (NSC) | Fixed interest, compounded annually, revised quarterly | 5 years | No maximum limit | Principal & interest eligible for deduction under Section 80C |
| Sukanya Samriddhi Yojana (SSY) | High interest, currently ~8.2% p.a. | 21 years or till marriage of girl child | Min ₹250, max ₹1.5 lakh per year | Triple tax exemption on deposit, interest, and maturity |
| Employees’ Provident Fund (EPF) | Risk-free, interest rate set by EPFO (~8.25% p.a.) | Until retirement (~58 years) | As % of salary, no fixed limit | Contribution and interest tax-exempt, maturity tax-free |
| Mutual Funds | Market-linked, varies by fund type | No fixed lock-in; exit load may apply | Min ₹500 SIP or lump sum varies | Equity funds: 1-year gains tax-free; Debt: indexation benefits |
| Unit-Linked Insurance Plans (ULIPs) | Market-linked, varies by fund | Typically 5 years | Premium depends on plan | Premium & maturity proceeds eligible under Section 80C |
| Monthly Income Plans (MIPs) | Debt-oriented, steady income, market-linked | No fixed lock-in | Minimum varies | Dividend income taxed as per slab |
| Money Back Plans | Fixed returns + bonuses | Typically 15–20 years | Premium varies | Premium under Section 80C, maturity generally tax-free |
| Endowment Plans | Guaranteed maturity sum | 10–20 years | Flexible premium frequency | Premium under Section 80C, maturity tax-free |
| Post Office Savings Scheme | Fixed 4% p.a. interest | None | Min ₹500 to open | Interest taxable, no deposit tax benefit |
| Senior Citizen Savings Scheme (SCSS) | Fixed 8.2% p.a. interest | 5 years (extendable 3 years) | Min ₹1,000, max ₹30 lakh | Deduction under Section 80C on deposit |
| Atal Pension Yojana (APY) | Guaranteed pension ₹1,000–₹5,000 | Until death or withdrawal | Contribution varies by age/pension amount | Contribution eligible under Section 80C |
| National Pension Scheme (NPS) | Market-linked returns | Till retirement (~60 years) | Min ₹500 per contribution | Up to ₹2 lakh tax deduction under 80C + 80CCD(1B) |
A good savings plan is a fundamental tool for financial security, no matter your income. It provides a structured, disciplined path to your most important goals, creating a bedrock for your future that protects you from uncertainty.
Choosing the best savings plan is the move you make to build a strong financial foundation. It is the tool that prepares you for the future you want, on your own terms.
A disciplined approach to saving money is the foundation of any effective financial planning, as it is the primary driver for achieving your most important goals. The best savings plan in India is the one that is built for your exact financial needs. Making the right decision means you must evaluate several critical factors. The most important things to remember when investing in a savings plan are about matching the plan’s features to your own financial situation.
You must have a clearly defined financial goal. A plan's purpose is only realized when it is aimed at a specific target, whether that is funding a child's education, purchasing a home, or securing your retirement.
You have to scrutinize the features, benefits, and payout structures of any plan under consideration. The ideal choice will be a seamless fit for your personal lifestyle and your specific tolerance for risk.
Leverage financial tools like premium calculators to determine the exact coverage you need. Your calculation must be based on a thorough analysis of your income, expenses, and future financial needs.
A plan’s liquidity options are a critical consideration. Access to funds during an emergency is paramount. You need to look for features like partial withdrawal or loan facilities that prevent a crisis from derailing your entire financial strategy.
A comprehensive financial safety net requires more than a base policy. You must prioritize plans that allow for additional riders, such as those for critical illness or accidental cover, to ensure you are fully protected.
Save for your business venture with theKotak Assured Savings Plan.
Savings plans offer a solid way to build your finances and help you invest wisely, setting you up for financial success. Here's why savings plans are a good choice:
A savings plan gives you financial security with a guaranteed payout, based on the premiums you pay. This means you don’t have to worry about market ups and downs—the amount you are promised at the start stays the same. If you complete the policy term, you get the maturity benefit. If something happens to you during the policy period, your family will receive a death benefit. This way, the plan provides both savings and protection, ensuring financial stability for your loved ones.
Savings plans reward long-term investments through loyalty additions. These financial rewards act as a bonus, enhancing the overall value of the plan for policyholders who maintain their policy over an extended period.
For example, if you stay invested in a savings plan for a long time, your provider may offer loyalty additions, which increase the total investment amount. This enhanced amount is included in the final payout at maturity, thus increasing the returns significantly over time.
For policyholders opting for higher premium amounts, the plan offers an enhanced sum assured. This feature incentivizes higher contributions by offering a larger financial benefit, aligning the payout more closely with the premium level, and providing additional security.
Participating plans offer bonuses along with maturity benefits. These bonuses are usually awarded based on the plan’s performance and provide an additional financial reward to the policyholder.
You can select the term period of the policy according to your requirements. If you belong to a middle-class family then you may want to consider a saving plans created specially for the middle-classif you anticipate that the funds might be required short-term. Apart from this, you can also increase your life cover if you want to save for the long term.
Flexible premium payment options allow you to select how often you pay—monthly, quarterly, half-yearly, or annually. Single and limited payment options are also available, helping you to manage premium commitments based on your cash flow and budget preferences. These choices ensure you have maximum flexibility without compromising on the benefits assured by the policy.
Savings plans come with a free-look period i.e. a short time frame during which policyholders can review their policy. If the terms don’t meet expectations, they have the option to cancel it within this period. The free-look period extends to 30 days, providing ample time to assess the plan thoroughly. If you bought a savings plan but realized after a few days that it didn’t fit your needs, you could easily cancel it within the “free-look” period and get a refund. This period gives you the flexibility to change your decision if the plan isn’t the right fit.
Enjoy the flexibility of Guaranteed Income Benefit withKotak Guaranteed Fortune Builder.
Saving plans help you grow your money systematically while securing your family's future. The infographic alongside highlights the key benefits of savings plans.
Regular savings plans have set benefits that can help most of us not only achieve our financial goals but also secure our family’s future. Check out all the benefits below:
Security for your family against financial crisis is the primary objective of these policies. Some of these plans also guarantee returns on your investment, thereby protecting your capital.
Kotak Life offers a wide range of savings plans to cater to every financial need. You can select the one that best suits your age, budget, and financial horizon.
You can pay your insurance payment and renew your plan online without waiting in queues and wasting time.
The maturity benefit is the lump sum you receive as a return after completing the policy term. You can build your own house, plan a vacation with your family, or maybe plan your retirement.
Savings plans offer the flexibility to personalize your policy through various add-ons. You can enhance your coverage with riders such as term rider, accidental death benefit, and permanent disability benefit. These options provide extra financial support in specific situations, helping you stay protected beyond the basic policy. Some plans even include a premium waiver feature in case of the policyholder’s total disability or death, ensuring uninterrupted coverage.
You can avail of tax benefits on the paid premiums and death/maturity benefits under these policies. A deferred savings planis very helpful because it lets you delay paying taxes on your investment until you withdraw the invested money thus allowing your savings to grow more.
If anything unfortunate occurs to you, your family will face issues if you are emotionally and financially unprepared. This is where a death benefit steps in, a lump sum payout made to a life insurance policy beneficiary.
Take advantage of the Kotak Life Savings Plan for Regular@ Guaranteed Returns.
Invest NowThe timeline of your savings plan must match the timeline of your goal. Saving for a down payment on a house is a short-term mission that requires a plan lasting just a few years. Retirement is completely different. That is a multi-decade marathon where the real growth comes from the power of compounding over time. The rule is absolute: define your financial target with total clarity first. Then you can choose the right plan to deliver your money exactly when you need it.
Smart financial planning is your only defense in a volatile world. Starting to save early is the most fundamental part of this strategy, and choosing the right savings plan demands a sharp focus on a few key factors.
Your financial goals dictate the entire structure of your savings plan. The objective, whether it is funding a child's education, a down payment, or your own retirement, directly sets your timeline and appropriate level of risk.
You must begin with an accurate assessment of your income, monthly expenses, and all financial commitments. That analysis reveals the realistic amount you can actually save. A good savings plan must work with your budget, not against it, and always leave a solid buffer for emergencies.
There is no such thing as a risk-free investment. You have to determine your own comfort level with market swings. Investors who demand stability and predictable returns belong in low-risk options like fixed deposits and traditional life insurance savings plans. Those who can tolerate higher risk for a shot at greater returns should explore instruments like mutual funds or ULIPs.
Your life will change, and your savings plan must have the capacity to change with it. An effective plan is built from the start to adapt to new circumstances. It has to offer you genuine flexibility in premium payments, withdrawals, and investment options so your financial strategy can evolve right alongside your life.
Start early with the Kotak Assured Savings Plan.
Savings plans offer a combination of savings and insurance benefits. You must check if the savings insurance plan you are planning to buy aligns with your requirements. Here is how a savings insurance plan can help you.
Read more-Who should invest in savings plan?
Beginning early give investors, a chance to take greater risks and increase their chances of earning better returns. They have more time to recover from poor choices without having an impact on their long-term financial objectives. Young entrepreneurs should buy saving plans in their early days so they can get a solid second income during their entrepreneurship stint.
A greater potential for wealth building may arise from making the most of the two-fold increase in investment power. Young couples should invest in savings schemes that will help them plan the next phases of life, be it funding for children's education, purchasing a house, or a vacation. By learning how to create wealth through a savings plan, their future becomes secure, and thus they can live their dream of funding the education of their child, making a home, or starting a small business.
Savings insurance plans can be a valuable addition to retirement planning strategies. As individuals approach their retirement years, buying guaranteed returns plans can provide the dual benefit of life insurance coverage and a means for long-term savings. These retirement plans or savings insurance plans offer financial security for the family through the life cover component. The savings portion allows policyholder to fulfil life goals.
There are several tax benefits to take into account while saving money for your child. Child insurance plans, savings accounts at state-run financial institutions, and tuition costs are exempt from taxes as long as they adhere to certain guidelines stated in the tax legislation. Parents buying money savings plans at the right time can get lumpsum returns when their kids need it the most. This makes it a sensible savings plan for middle class families striving to secure their children’s financial future.
Equity investors often seek to balance the high-risk, high-reward nature of their market-linked investments. A savings plan can be an ideal tool for diversification that offers stability through guaranteed returns while also providing life insurance coverage. This combination allows equity investors to mitigate risks and ensure a portion of their portfolio remains protected, helping them stay financially secure during market fluctuations.
Conservative investors usually prioritize capital preservation and predictable outcomes over high returns. For such individuals, savings plans present an attractive option that offers guaranteed benefits, not influenced by market ups and downs. These plans provide peace of mind and financial consistency. This makes them a reliable solution for long-term planning without the stress of market volatility.
Saving plans are life insurance tools that support disciplined savings while protecting your family financially. With the ease of digital platforms, you can now buy savings plans online by exploring available options, comparing benefits, and completing the purchase from the comfort of your home.
Here are some simple steps you need to follow to buy savings plans online:
Step
01
Visit the websitehttps://www.kotaklife.com/savings-plan
Step
02
Click on the“Invest Now!”It will redirect you to the application form.
Step
03
Fill out all the necessary details correctly, like name, phone number, annual income, etc. to get the ideal plan for you.
Step
04
Click on Proceed and get your Guaranteed maturity benefit and Death Benefit covered.
While a savings plan is an excellent way to secure your financial future, making informed decisions is key to gaining maximum benefits. Here are a few common mistakes that you should avoid:
Putting all your money into a single asset class within a savings plan or any investment tool can increase vulnerability to market fluctuations. Diversifying across different instruments like equity, debt, and government-backed options can help reduce risk and promote balanced growth.
Before committing large sums to long-term savings plans, it’s important to maintain an emergency fund. A buffer of 3 to 6 months’ worth of expenses ensures that unexpected events don’t force you to break into your investments prematurely.
When choosing from the wide variety of saving plans available in India, it’s essential to assess several factors to make an informed decision. Here's how to effectively compare and select the most suitable plan for your needs:
Evaluate your monthly income and expenses to determine an affordable premium amount. Consistency is key. Select a savings plan that offers premium flexibility (monthly, quarterly, annually) without straining your finances. Ensure that the plan allows for adjustments based on your evolving financial situation.
Many savings plans include a built-in life cover. While comparing, look at the coverage amount and decide if it aligns with your family’s needs and responsibilities. Consider whether you require term-based coverage or lifelong protection based on your life stage and goals.
Research the background of the insurance provider. Look for a high claim settlement ratio, strong financial ratings, and responsive customer service. A trustworthy provider with a proven track record ensures a smoother experience and greater reliability when you need it most.
As far as savings plans are concerned, having a reliable & trust-worthy plan is very important. Kotak Life Insurance is one of the prominent names in the insurance industry in India. Kotak Life offers various saving plan options to choose from that cater to diversified financial goals, Kotak Life has become the preferred choice for people opting for a secure future and a strong financial foundation. Here are some sound reasons why you may choose Kotak Life as your saver in India:
Kotak Life offers many savings plans to help you reach your money goals and handle risk in your own way. Whether it is your children's education, retirement planning, or growing your wealth over time, there is a plan for you. The payment options of these plans are flexible, allowing you to decide how often or how long you want to pay based on your affordability. It allows you to have the ability to customize your savings plan according to your specific financial goals.
Apart from the savings and investment benefits, Kotak Life savings plans also offer the benefit of life insurance. In case of an unfortunate death, the death benefit will be paid to the nominee if death occurs during the policy term. In this way, the Kotak Life Savings plan provides the wise choice for an individual seeking safety for their loved ones along with the growth of their wealth.
Kotak Life Insurance is customer-centric and does a great job of addressing client's problems. The company has a large number of branches and customer service centers throughout India, which is great for having prompt help available at the location near you. If a policyholder needs assistance with his or her savings plan or instructions on a claim or has any other issue, the customer service team is always willing to help.
Savings insurance plans allow you to decide how many years you'll be paying for your premiums and how long your policy will run. Based on the preferences you choose, your returns may change. In most cases, people pay a premium for up to 10 years and accordingly, your returns will be decided.
If you have short-term goals, you can opt for a short period of saving such as 5 years. However, having an endowment plan with a long-term growth commitment of at least 10-15 years would be better as this will give the best returns.
Kotak Guaranteed Fortune Builder - @Guaranteed income for
your future.
I was looking for an investment product that would offer me guaranteed yet good returns. I spoke with many of my friends, and most of them offered me a solution I already knew. I decided to research a bit on the internet when I found Kotak Guaranteed Savings Plan. I decided to check out the plan and loved it. It would help me plan my future goals in a much-structured manner, and that clicked. I bought it. This is a great product, and the assistance is good too. Long-term investors can benefit a lot from this, especially those who are looking for stable returns.
-Mr Rajendra Verma
Kotak Guaranteed Savings Plan helped me not only save a chunk of money every money through premiums but also put me into the discipline of saving. In a span of 7-10 years, I would be able to plan a few things for my house and my kids and save more and invest in growing my wealth over time. If you are looking for something that will help you get Guaranteed returns, life cover, and tax benefits, Kotak Guaranteed Savings Plan is your plan.
- Mr Abhay Vaman Sarode
Plan your finances efficiently if you want to achieve your life goals at the right time. I did it by investing in a savings plan that helped me and my family lead a stress-free life and achieve life goals. Not only that, one good feature about the product is that you get a life cover bundled with maturity benefits. Meaning in case of an unfortunate event, your family can still have the financial support to live the rainy days.
- Mr Moreshwar Daulattrao Patil
I came across Kotak Guaranteed Savings Plan when one of my friends was speaking to an insurance advisor. When asked, she said that she was planning to start investing her savings in a savings plan by Kotak Life. It offers both life cover and guaranteed returns to help you grow your wealth without any risk. All you need to do is pay a monthly premium, and you will get a pre-defined return that will be guaranteed.
- Mr Atul Mishra
Life insurance policies can help you grow your wealth at a stable rate if you choose the right product. In my case, I chose Kotak Guaranteed Savings Plan, and I am glad I did. Every month a small part of my salary goes towards saving. This corpus I can use for anything I might want to plan for the future, from buying a house to planning a vacation. In addition, their call center team and advisors help you get amazing, true insights on how these plans can help you build a good amount for the future.
- Mr Dhiren Valji Varsani
I recommend Kotak Guaranteed Savings Plan to everyone who is planning to invest in a low-risk financial instrument. It offers flexibility in choosing the premium amount, and you can start at low as 2000/month and go as high as ₹10000/month, which is great. Your returns would differ as per the premium you pay. You can check it all on their online portal. You can simply fill in your details, and the portal will open up for you. All the information from premiums to returns and life cover is mentioned there. If you are happy, you can buy it from here. That simple.
- Mr Lingeshwar Hanumanta Machhiwar
When you are prepared to buy a savings plan, make sure you have the following paperwork:
A savings plan is a major financial undertaking that starts with an honest analysis of your finances, a concrete definition of your goals, and a true measure of your risk appetite. This foundational work must also extend to a rigorous review of the plan’s core features, its built-in flexibility, and all available riders before any final decision is made.
You must account for life’s changing financial priorities by drawing a hard line between immediate needs and future goals, attaching a firm deadline and a specific cost to each ambition. This reveals the exact amount you must save to build the funds you will need.
Examine every benefit and feature to confirm the plan matches your requirements and risk tolerance. Know your rider options, as they offer important supplemental coverage. Reading the policy's fine print is the only way to fully understand the specific eligibility rules, inclusions, and exclusions for making a sound choice.
There can be no compromise in matching your investment horizon to your long-term financial needs, as this period is what fuels your investment's growth and serves as the core of your strategy. The plan’s value is directly connected to the timeline for delivering the funds at the precise moment you require them.
Any serious strategy for building future wealth must include a savings plan as a core component. A clear set of factors directly determines the premiums you will pay and the returns you should anticipate from any plan. Only by understanding these variables can you select the savings plan that is properly aligned with your most important financial goals.
The two main factors determining the premium of your savings plan are the premium amount and the term length chosen for a savings plan. The amount refers to the total sum assured, that is, the amount disbursed by the insurer in case of the death of the policyholder or at the maturity of the plan. Generally, more funds result in a higher premium because they imply a higher potential payout for the insurance companies.
In the past, gender has affected the prices of different insurance products, including savings plans. Actuarial data has shown that certain health risks and life expectancy can be different for men and women. It is important to understand that using gender to set prices might still happen in some areas, which affects the premiums for savings plans.
To reach your financial goals, it's important to choose a flexible savings plan. In this way, you can handle unexpected needs and still have the option to take money out if you need to.
Nevertheless, it is advisable to keep the tax-saving savings plans for a longer period of time because that would help one achieve a higher rate on maturity.
The effectiveness of any savings plan is measured by how precisely it fits your personal situation. It exists to finance your most critical goals, from locking in a down payment to constructing your retirement fund. A suitable plan also respects your personal comfort with risk by offering a carefully calibrated mix of growth potential and security.
a.Identify your financial needs
b.Select the premium payment terms wisely
c.Consider liquidity
d.Pay attention to the fine print
e.Weigh in tax-savings
You can claim tax deductions under Section 80C of the Income Tax Act 1961 for the premiums paid towards these plans. Moreover, the maturity benefits, as well as the death benefits, are also tax-exempt, subject to the conditions specified in Section 10(10D).
The most important factor for success in any savings plan is an early starting point. This approach allows you to fully utilize the principle of compounding interest, as time is the essential ingredient for significant growth. A longer period of saving invariably leads to a more substantial financial outcome, better equipping you for your future goals.
When you need periodic payouts to plan and pay for specific expenses while also having life coverage, a plan that combines protection with savings is excellent. With money-back plans, you receive recurring payouts that help you with your day-to-day expenses while also providing you with the benefit of life insurance.
The best money saving plans come with powerful tax advantages, including direct deductions on your contributions that lower your taxable income for the year. The tax-deferred growth built into your savings plan also means your investment earnings are completely shielded from taxes until the moment you withdraw.
Your monthly savings number must be a hard figure based on your real income, your expenses, and your financial ambitions. A savings calculator is the instrument that translates this data into a concrete, actionable target.
Your main financial objective is the only thing that matters when choosing between short-term and long-term savings investment plans. Short-term vehicles are built to preserve your capital while securing moderate returns. Long-term plans are instead the essential tool for achieving significant capital growth over an extended period.
A savings discipline at age 25 is a non-negotiable head start for your financial future. The amount to invest is a number you calculate from your income, your costs, and your most important life goals. A 10-20% savings rate is a useful benchmark, but your personal budget is what sets the final amount needed to fund your actual retirement and lifestyle.
A savings plan is a purpose-built financial engine for fulfilling major life goals, like paying for college or ensuring a comfortable retirement, using disciplined contributions and investment power. A regular savings account is just a place to hold cash. The features available in a savings plan, from its investment choices to its tax benefits, are far more advanced than anything a standard bank account provides.
While many savings plans offer the flexibility to change your contribution amount, this function is always dictated by the policy's specific terms. Adjusting your payments to match new financial circumstances often requires a direct review of the plan's official rules or a consultation with the provider to understand your exact options and any associated fees.
Missing a premium payment triggers a series of consequences dictated by the financial institution's policies. The penalties can include late fees, financial charges, and restrictions placed on your account. A history of missed payments will lead to the account's closure. You must read your policy's terms and conditions to know the specific penalties for non-payment.
The rules for making withdrawals are a fundamental component of your savings plan, and your access to the funds is governed entirely by the terms of the specific policy you own. Some policies will permit withdrawals under very specific conditions, while others are designed to impose heavy penalties for any early access to your funds. Before you commit, you must examine the policy's terms to know your exact withdrawal options and any associated fees.
If you decide to redeem your savings plan before it reaches maturity, there may be certain consequences or charges, and this again depends on the terms and conditions of the plan. This means premature withdrawal from a savings plan could involve loss of possible returns, penalties, or even surrender charges. It is therefore important to go through the terms of your savings scheme carefully and discuss its implications with your plan provider or financial advisor before you decide to close the policy prematurely.
To purchase a savings plan online, you must be prepared to validate your identity and financial standing. Think of the required documents in three main categories. First, you will need to prove your identity and your address. Second, you must demonstrate your income to show you can support the plan. Finally, you will need to provide your official tax identification number. Having these items ready streamlines the entire digital application process.
Savings plans are not a single product but a category of financial tools with different structures. Some plans are designed with a dual purpose, combining a disciplined savings component with a life insurance component. Certain plans instead link your savings to market investments, offering higher growth potential in exchange for greater risk. The financial outcome you want to achieve is what determines the correct choice.
For a five-year investment, your specific financial objective is the only factor that matters. The central choice is a strategic one between the security of capital preservation through stable instruments and the possibility of higher growth by accepting a measured market.
Enjoy the flexibility of Guaranteed Income Benefit withKotak Guaranteed Fortune Builder.
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.
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.
Riders shall not be available for policies purchased through POS distribution channel.
$The above illustration is for Male aged 18 years, Premium: Rs. 1,00,000 p.a., Premium Payment Term: 10 years, Deferment Period: 1 years, Policy Term: 11 years, Income Benefit Period: 25 years & Income Benefit Frequency: Annual. Plan option opted is Long Term Income – Income Only.
#The above illustration is for an 18-year-old healthy male, non-smoker who is willing to invest Rs. 10,000 per month and will pay for 10 years for this policy; where the policy term is 20 years, the basic sum assured is Rs. 16,79,344 and guaranteed maturity benefit is Rs. 26,40,213.
The premium is assuming the policy is bought Online. 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.
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.
*Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time. Benefits under this plan are dependent upon the performance of the participating Funds. The risk factors of the bonuses projected under the product are not guaranteed. Past performance doesn't construe any indication of future bonuses. These products are subject to the overall performance of the insurer in terms of investments, management of expenses, mortality and lapses.
Kotak Guaranteed Fortune Builder,UIN: 107N128V08. Kotak Term Benefit Rider, UIN:107B003V03, Kotak Accidental Death Benefit Rider, UIN:107B001V04, Kotak Permanent Disability Benefit Rider, UIN:107B002V03, Kotak Life Guardian Benefit Rider, UIN: 107B012V02, Kotak Accidental Disability Guardian Benefit Rider, UIN: 107B011V02, Kotak Critical Illness Plus Benefit Rider UIN: 107B020V02. A Non-Participating Non-Linked Life Insurance Individual Savings Product. This is a saving and protection oriented plan.
Kotak Assured Savings PlanUIN: 107N081V07. Kotak Term Benefit Rider – UIN: 107B003V03, Kotak Accidental Death Benefit Rider UIN: 107B001V04, Kotak Permanent Disability Benefit Rider UIN: 107B002V03, Kotak Life Guardian Benefit Rider – UIN: 107B012V02, Kotak Accidental Disability Guardian Benefit Rider – UIN: 107B011V02, Kotak Critical Illness Plus Benefit Rider UIN: 107B020V02. This is a non-participating non-linked life insurance individual savings product. This is a saving cum protection oriented plan.
Kotak Fortune MaximiserUIN: 107N125V03, Kotak Term Benefit Rider, UIN: 107B003V03, Kotak Accidental Death Benefit Rider, UIN: 107B001V04, Kotak Permanent Disability Benefit Rider, UIN: 107B002V03, Kotak Life Guardian Benefit Rider, UIN: 107B012V02, Kotak Accidental Disability Guardian Benefit Rider, UIN: 107B011V02, Kotak Critical Illness Plus Benefit Rider UIN: 107B020V02. This is Participating Non-Linked Life Insurance Individual Savings Product.
Kotak SmartLife PlanUIN: 107N102V04, Kotak Term Benefit Rider UIN: 107B003V03, Kotak Accidental Death Benefit Rider UIN: 107B001V04, Kotak Permanent Disability Benefit Rider UIN: 107B002V03, Kotak Critical Illness Plus Benefit Rider UIN: 107B020V02, Kotak Life Guardian Benefit Rider UIN: 107B012V02, Kotak Accidental Disability Guardian Benefit Rider UIN: 107B011V02. This is a Participating Non-Linked Life Insurance Individual Savings Product.
Kotak Guaranteed Savings PlanUIN: 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 Rider, UIN: 107B012V02, Kotak Accidental Disability Guardian Benefit Rider, UIN: 107B011V02. This is a non-participating non-linked life insurance individual savings product. This is a saving and protection oriented plan.
Kotak Get Assured Income NowUIN: 107N141V02, Kotak Term Benefit Rider, UIN: 107B003V03; Kotak Accidental Death Benefit Rider, UIN: 107B001V04; Kotak Permanent Disability Benefit Rider, UIN: 107B002V03; Kotak Life Guardian Benefit Rider, UIN: 107B012V02; Kotak Accidental Disability Guardian Benefit Rider, UIN: 107B011V02, Kotak Critical Illness Plus Benefit Rider UIN: 107B020V02. This is a Participating Non-Linked Life Insurance Individual Savings Product.
Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time. The risk factors of the bonuses projected under the product are not guaranteed. Past performance doesn’t construe any indication of future bonuses. These products are subject to the overall performance of the insurer in terms of investments, management of expenses, mortality and lapses.
Kotak Classic Endowment PlanUIN: 107N082V03, Kotak Term Benefit Rider UIN: 107B003V03, Kotak Accidental Death Benefit Rider UIN: 107B001V04, Kotak Permanent Disability Benefit Rider UIN:- 107B002V03, Kotak Critical Illness Plus Benefit Rider UIN:-107B020V02, Kotak Life Guardian Benefit Rider UIN: 107B012V02, Kotak Accidental Disability Guardian Benefit Rider UIN: 107B011V02. This is a Participating Non-Linked Life Insurance Individual Savings Product.
Kotak Sampoorn Bima Micro-Insurance PlanUIN: 107N092V03. This is a non-participating non-linked life insurance individual savings product.
Kotak Gen2Gen IncomeUIN: 107N163V01, Kotak Term Benefit Rider UIN: 107B003V03; Kotak Accidental Death Benefit Rider UIN: 107B001V04; Kotak Permanent Disability Benefit Rider UIN: 107B002V03; Kotak Life Guardian Benefit Rider UIN: 107B012V02; Kotak Accidental Disability Guardian Benefit Rider UIN: 107B011V02; Kotak Critical Illness Plus Benefit Rider UIN: 107B020V02. This is A Participating Non-Linked Life Insurance Individual Savings Product. Kotak Life Guardian Benefit Rider is not available for Legacy Income & Legacy Paid-Up Additions Options.
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 website content only gives the salient features of the plan.
Section 41
Extract of Section 41 of the Insurance Act, 1938 as amended from time to time states: (1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer. (2) Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakhs rupees.
Section 45
Fraud, Misstatement and Forfeiture would be dealt with in accordance with provisions of Section 45 of the Insurance Act, 1938 as amended from time to time. Please visit our website for more details:
https://www.kotaklife.com/assets/images/uploads/why_kotak/section38_39_45_of_insurance_act_1938.pdfKotak 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 | ARN No.: KLI/25-26/E-WEB/1257
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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