Kotak Life Traditional Plans
Kotak Life Insurance is among the top-rated insurance providers in India. They offer a wide range of life insurance plans across the categories. This includes – protection plans, child plans, savings and investment plans and retirement plans. Their highly preferred insurance category is savings and investment plans.
Kotak Life investment plans allow the customers to save a significant amount and invest it efficiently. They have a plethora of plans under this category. Details of these plans have been given below:
Kotak Gramin Bima Yojana: This insurance plan provides the policyholders with maturity benefits and financial protection against various uncertainties. This single premium plan is designed to cater to the diversified needs of social and rural customers. More details of this plan have been given below:
| Particular | Details |
| Policy Term | 15 years (fixed) |
| Entry Age | 18-45 years |
| Maturity Age | 60 years |
| Minimum Sum Assured |
|
Kotak Sampoorn Bima Micro-Insurance Plan: This single premium plan is specifically designed for low-income group customers. The insurance plan comes with a number of benefits including maturity and death benefits. Look at the following table for more details:
| Particular | Details |
| Policy Term | 5 years (fixed) |
| Entry Age | 18-55 years |
| Maturity Age | 60 years |
| Premium | Rs. 200 (fixed) |
Kotak Classic Endowment Plan: This is a long-term saving cum protection plan that provides the policyholder and their family members with financial protections along with additional bonuses. Refer to the following table to know more about the plan and its eligibility criteria:
| Particular | Details |
| Policy Term | 15-30 years |
| Entry Age |
|
| Maturity Age | 18-75 years |
| Minimum Sum Assured | As per the policy rules |
Kotak Premier Endowment Plan: This plan is designed to help people build long-term and regular savings to financially secure their future. Through this plan, one can build a corpus to fulfill their dreams. Refer to the following table to know who can opt for this insurance plan:
| Particular | Details |
| Policy Term |
|
| Entry Age | 18-60 years |
| Maturity Age | 70 years |
| Minimum Sum Assured | Depends on the minimum premium chosen |
Kotak Assured Income Plan: This plan is designed to provide the customers with a guaranteed stream of second income. This insurance plan assures an additional annual income for the fixed 15 years of tenure to protect the insured and their loved ones from several uncertainties. Here are more details of this plan:
| Particular | Details |
| Policy Term | 30 years |
| Entry Age | 0-60 years |
| Maturity Age | 90 years |
| Minimum Sum Assured | 10 times of annualized premium |
Kotak Assured Income Accelerator: This plan by Kotak Life provides risk-free returns along with life cover. This plan ensures guaranteed annual income and opportunities to grow your savings year on year. This plan helps the customers grow their money with various added benefits. Product specifications and eligibility criteria of this plan have been tabulated below:
| Particular | Details |
| Policy Term | 15, 20 and 30 years |
| Entry Age |
|
| Maturity Age | 18-85 years |
| Minimum Sum Assured | 10 times of annualized premium |
Also Read: Kotak Single Invest Advantage Plan
Kotak Premier Moneyback Plan: This is a limited pay insurance plan that provides the insured with lump sum payouts on regular basis to fulfill their interim financial needs. Here are more details of this plan:
| Particular | Details |
| Policy Term | 16, 20 and 24 years |
| Entry Age |
|
| Maturity Age | 75 years |
| Minimum Sum Assured | Rs. 1.50 lakh |
Kotak Premier Income Plan: This is protection cum savings-oriented plan that offers assured income every year right after the premium paying term. This plan also provides additional accrued bonuses on maturity or end of the policy tenure along with life cover. More details of this plan are:
| Particular | Details |
| Policy Term (Fixed) | 15, 19 and 23 years |
| Entry Age |
|
| Maturity Age | 18-78 years |
| Minimum Sum Assured | As per the policy rules |
Also Check: Kotak Life Term Insurance Plans
Kotak Guaranteed Savings Plan: This is a non-linked and non-participating life insurance plan that provides the policy owner with guaranteed benefits to secure their life ahead. Look at the following table to collect more details of this plan:
| Particular | Details |
| Policy Term | 14, 15, 16 and 20 years |
| Entry Age | 3-60 years |
| Maturity Age | 18-75 years |
| Minimum Sum Assured | As per the policy rules |
Kotak Premier Life Plan: This plan is designed to protect the life of policyholder till their 99 years of age. This is a limited pay whole-life plan that helps the insured build a significant corpus for their worry-free life after retirement. Look at the table below for more:
| Particular | Details |
| Policy Term | 99 years minus entry age |
| Entry Age |
|
| Maturity Age | 99 years |
| Minimum Sum Assured | Rs. 2 lakh |
Kotak SmartLife Plan: This is a limited pay and participating endowment plan that provides the policyholder with an option to either get cash bonus payouts annually (after first policy year) or utilize that bonus for accumulating and building a corpus for long-term goals. Here are some more details of this plan:
| Particular | Details |
| Policy Term | 75 years minus entry age |
| Entry Age |
|
| Maturity Age | 75 years |
| Minimum Sum Assured | Rs. 2.50 lakh |
Kotak POS Bachat Bima: This is a non-participating and non-linked plan that provides the policyholder with life cover along with guaranteed benefits. Look at the table below for more details about this policy forwarded under Kotak Life Traditional Plans:
| Particular | Details |
| Policy Term (Fixed) | 16 and 20 years |
| Entry Age | 12-45 years |
| Maturity Age | 28-65 years |
| Minimum Sum Assured | As per the policy rules |
Kotak Assured Savings Plan: This plan enables the insured accumulate wealth for a financially secured future. This affordable protection plan helps the policyholder achieve their short and long-term financial goals with ease. More details of this plan have been listed here:
| Particular | Details |
| Policy Term |
|
| Entry Age | 3-60 years |
| Maturity Age | 18-75 years |
| Minimum Sum Assured | As per the policy rules |
Kotak Single Invest Plus: This is a single premium and unit-linked plan. This insurance plan is coupled with loyalty additions, joint life cover, various fund options and more. The product details of this plan include:
| Particular | Details | |
| Primary Life | Secondary Life | |
| Policy Term | 10 and 15 years | |
| Entry Age | 18-52 and 55 years | 3-52 and 55 years |
| Maturity Age | 28-67 and 65 years | 18-67 and 65 years |
| Minimum Sum Assured on Death | 1.25 times the Single Premium | 10 times the Single Premium |
Kotak Wealth Insurance: This unit-linked insurance product by Kotak Life Traditional Plans helps the policyholder strike an apt balance of wealth accumulation and protection. This plan also allows the insured to build a corpus by investing in the funds of their choice along with comprehensive life cover. Here are more details of this plan:
| Particular | Details |
| Policy Term | 10, 15, 20, 25 and 30 years |
| Entry Age |
|
| Maturity Age | 75 years |
| Minimum Sum Assured | As per the policy rules |
Also Read: Kotak Gramin Bima Yojana Plan
Kotak Invest Maxima: This is a unit-linked and investment-oriented plan that comes with optimal premium allocation and systematic switching strategy to help the insured enter the share market in a systematic way. Look at the following to know more:
| Particular | Details |
| Policy Term |
|
| Entry Age | 0-65 years |
| Maturity Age | 10-75 years |
| Minimum Sum Assured | As per the policy rules |
Kotak Single Invest Advantage: This is a unit-linked plan coupled with profit-oriented investment strategies to suit the different financial objectives. Some more details of this plan have been tabulated below:
| Particular | Details | |
| Policy Term | 10 years | 15 years |
| Entry Age | 8-45 years | 3-43 years |
| Maturity Age | 18-55 years | 18-58 years |
| Minimum Sum Assured | 10 times the single premium | |
Kotak Platinum Plan: This investment plan can be customized as per the different financial goals and requirements. This insurance plan gives the policyholder an exhaustive option to diversify their wealth to reap maximum benefits. More details of this plan are:
| Particular | Details |
| Policy Term | 10-30 years |
| Entry Age | 0-65 years (60 years for limited pay) |
| Maturity Age | 18-75 years |
| Minimum Sum Assured | As per the policy rules |
Kotak Ace Investment: This insurance plan is designed with a clear investment objective of assisting policyholders accumulating their wealth and providing them with adequate life cover. Read the following to collect more details of this plan:
| Particular | Details |
| Policy Term | 10, 15, 20, 25 and 30 years |
| Entry Age | 0-65 years (60 years for limited pay) |
| Maturity Age | 18-75 years |
| Minimum Sum Assured | As per the policy rules |
Use the premium calculator by Kotak Life to compare the insurance plans. You can also request quotes to thoroughly read and review each plan to find the one that meets your precise needs best.
Also Read: Kotak Traditional Insurance Plans