Kotak Life Investment Plans

Kotak Life Insurance Traditional Plans:

Kotak Life offers a variety of traditional life insurance plans that are designed to provide both protection and savings. These plans are typically a good option for people who are looking for guaranteed returns on their investment and who want to build up a corpus over time.

Details of Kotak Life Insurance Traditional Plans

1. Kotak Get Assured Income Now Plan

   Kotak Get Assured Income Now is a life insurance plan offered by Kotak Mahindra Life Insurance. This Kotak investment plan is a limited-pay, participating plan, which means you pay premiums for a set period and then receive benefits throughout the policy term.

   Features of Kotak Life Insurance Get Assured Income Now Plan: 

   • Life Cover up to age 85

   • Three plan options: Early Income, Paid-Up Addition, and Premium Saver

   • Early Income payouts starting from the end of the first policy month or year

   • Six optional riders available

   • Extra benefits for female policyholders at no additional cost

   • Extra benefit for payments made via ECS/Auto Debit

2. Kotak Sampoorn Bima Micro-Insurance Plan

   The Kotak Sampoorn Bima Micro-Insurance Plan is a micro-insurance plan designed for low-income individuals in India. It is a single-premium plan with a fixed term of 5 years. This Kotak investment plan is beneficial for people who are looking for a small amount of coverage at an affordable price.

   Features of Kotak Life Insurance Sampoorn Bima Micro-Insurance Plan: 

   • Short-term plan: 5 years

   • Fixed premium: ₹200 only

   • Guaranteed payout: Maturity and death benefits

   • No medical exams required

3. Kotak Premier Life Plan

   The Kotak Premier Life Plan is a non-linked participating whole life insurance plan offered by Kotak Mahindra Life Insurance Company. It is designed to provide protection for your entire life up to the age of 99 years. This Kotak Mahindra investment plan also offers the option to receive bonus payouts after the expiry of the premium payment term.

   Features of Kotak Life Insurance Premier Life Plan: 

   • Whole life plan with coverage up to age 99

   • Simple Reversionary bonus from the 1st policy year until the end of the premium payment term, followed by Cash Bonus

   • Choose to receive or accumulate bonus payouts

   • Premium discounts for high Sum Assured and female policyholders

   • Enhance protection with various optional riders

   • Tax benefits under sections 80C and 10(10D) of the Income Tax Act

4. Kotak Assured Income Accelerator Plan

   The Kotak Assured Income Accelerator Plan is a non-participating guaranteed income plan offered by Kotak Mahindra Life Insurance Company. The investment plan provides a fixed income payout every year during the chosen payout period.

   Features of Kotak Life Insurance Assured Income Accelerator Plan: 

   • Guaranteed Income paid monthly or yearly during the payout period

   • Income Boosters increase Guaranteed Income by 5% to 7% annually

   • Higher annual premiums result in higher Guaranteed Income

   • Death benefit paid regardless of previous Guaranteed Income payments

   • Guaranteed Maturity Benefit included with the final payout

   • Customize protection with a variety of optional riders

   • Tax benefits on premiums under section 80C and on benefits received under section 10(10D)

5. Kotak Premier Endowment Plan

   The Kotak Premier Endowment Plan is a non-participating, savings-cum-protection investment plan offered by Kotak Mahindra Life Insurance Company Limited. This Kotak life insurance 10 year plan is designed to provide financial security in case of death of the policyholder during the policy term and also helps in building a maturity corpus.

   Features of Kotak Life Insurance Premier Endowment Plan: 

   • Guaranteed Additions: 5% per annum of Basic Sum Assured in the first 5 policy years

   • Earn bonuses starting from the 6th policy year onwards

   • Choose from multiple premium payment term options for convenience

   • Additional protection available through a variety of optional riders

6. Kotak Premier Money Back Plan

   Kotak Premier Money Back Plan is a life insurance product offered by Kotak Mahindra Life Insurance Company that combines elements of savings and protection. The plan provides payouts at pre-defined intervals throughout the policy term. 

   Features of Kotak Life Insurance Premier Money Back Plan: 

   • Regular payouts at intervals throughout the term

   • Enhanced death cover with additional payout for accidental death

   • Lump sum Maturity Addition

   • Earn bonuses starting from the 1st year onwards

   • Additional protection available through optional riders

7. Kotak Classic Endowment Plan

   The Kotak Classic Endowment Plan is a participating endowment plan that provides a combination of protection and savings. This Kotak investment plan is a long-term plan that is designed to meet your financial goals at maturity.

   Features of Kotak Life Insurance Classic Endowment Plan: 

   • Participating endowment plan with protection up to age 75

   • Annual bonuses earned from the 1st policy year

   • Flexible premium payment options for affordability

   • Choose from a wide range of term options for suitability

   • Discounts available for high Sum Assured on maturity

   • Enhance protection with various optional riders

   • Tax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961

8. Kotak Smart Life Plan

   Kotak Smart Life Plan is a limited pay participating endowment plan offered by Kotak Mahindra Life Insurance. It is a savings-cum-protection savings plan that provides financial protection to your family in case of your unfortunate demise and also helps you accumulate wealth over the policy term.

   Features of Kotak Life Insurance Smart Life Plan: 

   • Protection available up to age 75 years

   • Choose between Cash Payout or Paid-Up Addition for bonuses

   • Selected Bonus option available from the end of the 1st policy year, paid monthly or yearly

   • Additional protection can be added through optional riders for an extra premium

9. Kotak Premier Income Plan

   Kotak Premier Income Plan is a life insurance product offered by Kotak Life Insurance. It is designed to be a savings and protection plan that combines elements of both life insurance and investment. After you finish paying premiums for a chosen period, you start receiving a guaranteed annual income for the rest of the policy term.

   Features of Kotak Life Insurance Premier Income Plan: 

   • Guaranteed income begins immediately after the premium payment term.

   • Female lives and higher premium payments benefit from enhanced sum assured rates.

   • Bonuses accumulate throughout the policy term, offering potential upside.

   • Optional riders provide additional protection for policyholders.

10. Kotak POS Bachat Bima Plan

    Kotak POS Bachat Bima is a non-linked, non-participating life insurance plan offered by Kotak Life Insurance. It is a savings-oriented investment plan that provides guaranteed benefits along with life cover.

    Features of Kotak Life Insurance POS Bachat Bima Plan: 

    • Two plan choices - Life and Life Plus

    • Life Plus offers double protection for accidental death

    • Earn Guaranteed Yearly Additions during the policy term

    • Receive a Guaranteed Loyalty Addition at maturity

    • Pay premiums for a limited period - 8 or 10 years