Kotak Life Investment Plans

Kotak Life Investment Plans

The Kotak Life Insurance has a customer count is over 20 million which makes it one of the most leading insurance companies in India. The company offers a host of life insurance products, services, advice, and sustainable value that ensures that their customers receive excellent resolutions to meet up everyone’s financial needs. The main mission of the company is to bring assurance to human’s lives and to become the best life insurance company of India.

Types of Investment Plans offered by Kotak Life

There are several investment plans which are offered by Kotak Life, and are mentioned below along with the benefits and eligibility criteria.  

 Kotak Gramin Bima Yojana

This plan is a single premium guaranteed returns plan which is designed to provide benefits on maturity along with protection.

Product Benefits:

  • This plan does not need any medical test or certificate.
  • Guaranteed Pay back on Maturity or even Death of life insured.

 Eligibility Details:

  •  Age at Entry:- Minimum: 18 years  Maximum: 45 years
  • Age of Maturity:- 60 years

Kotak Sampoorn Bima Micro-Insurance Plan

It is a single premium plan which is designed for a term of 5 years and it is designed specifically to help low income customers meet their financial needs.

 Product Benefits

  • 1. Single premium payment of Rs.200/-
  • 2.Guaranteed Pay back on Maturity or Death of life insured.
  • 3. This policy plan does not require any medical test or certificate.

Eligibility Details

  • Age at Entry:- Minimum: 18 years | Maximum: 55 years
  • Maturity age:- 60 years

 Kotak Classic Endowment Plan

This plan is a long term protection along with savings plan which provides protection with bonuses over the policy tenure.

 Product Benefits

  • This plan provides protection up to the age of 75 years.
  • Premiums and policy term can be decided by the owner.
  • Wide range of rider options available.
  • You are entitled to tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

 Eligibility Details

  • Age at Entry:- 0 years
  • Age of Maturity:- 55 years

 Kotak Premier Endowment Plan

This plan is a regular participating endowment plan that comes with Guaranteed Bonuses in the first 5 policy years.

 Product Benefits

  • Guaranteed Bonuses in the first 5 policy years period.
  • Premiums and policy term can be decided by the owner.  
  • Additional 7 different rider add on options are also present to choose from.

 Eligibility Details

  • Age at Entry:- Minimum: 18 years   
  •  Age of Maturity:- Maximum: 60 years

 Kotak Assured Income Plan

It is a life insurance plan that ensures you with an additional income each and every year for fixed 15 years, along with life cover for you and your family.

 Product Benefits

  • Protection is provided for a fixed term of about 30 years.
  • Different add on options are there to select from.

 Eligibility Details

  • Age at Entry:- Minimum: 0 years

Kotak Assured Income Accelerator

In this plan, you will get a Guaranteed Income every year on the same amount of savings.

 Product Benefits

  • You will be given income boosters from 5%-7% annually.
  • Guaranteed Death and Maturity Benefit.

 Eligibility Details

  • Age of Entry:-  0 years
  • Age of Maturity:- 7

Kotak Premier Income Plan

It is a savings cum protection plan which gives Guaranteed Annual Income immediately after the premium payment term.

Product Benefits

  • Enhanced Sum Assured Rates for women and higher premiums.
  • Entitled to bonuses throughout the policy term.
  • Wide range of rider add-ons are available.

 Eligibility Details

  • Age at Entry:- 18 years
  • Age of Maturity:- 60 years

Kotak Guaranteed Savings Plan

This plan is a non-linked and extremely non-participating life insurance plan that comes up with Guaranteed Bonuses.

 Product Benefits

  • You will receive Guaranteed Additions and Guaranteed Loyalty Addition.

 Eligibility Details

  • Age at Entry:- 3 years
  • Age of Maturity:- 60 years

Kotak Smart Life Plan

This is a limited pay non-linked participating life insurance plan which comes with cash bonus payouts on an annual basis.

 Product Benefits

  • You will get protection till the age of 75 years.
  • Flexibility to choose from bonus options – Cash Payout or Paid-Up Addition.

Eligibility Criteria

  • Age at Entry:- 3 years

Kotak POS Bachat Bima

It is a non-participating and non-linked insurance plan that is designed to provide you with guaranteed benefits along with life insurance cover.

Product Benefits

  • Comes in two options – Life & Life Plus.
  • You will get double protection cover on accidental death under Life Plus.
  • Guaranteed Yearly Additions and Guaranteed Loyalty Additions.

Eligibility Details

  • Age at Entry:- 12 years
  • Age of Maturity:- 45 years

Kotak Assured Savings Plan

This plan is designed to provides you a combination of protection and wealth accumulation.

Product Benefits

  • Guaranteed Maturity Benefit will be payable at maturity.
  • You will receive Guaranteed Yearly Additions and Guaranteed Loyalty

 Eligibility Details

  • Age at Entry:- 20 years
  • Age of Maturity:- 60 years

Kotak Premier Life Plan

This is a whole life plan which is designed to provide protect your life right up to your 99th birthday.

Product Benefits

  • Avail discount on the premium for high sum assured on maturity and cover for women.

 Eligibility Details

  • Age at Entry:- 3 years
  • Age of Maturity:- 8 years

 Why choose Kotak Life Investment Plans?

The Kotak Life Investment Plans has an extremely very strong portfolio of traditional and investment plans which help to cater to all of your protection and savings requirement.

 Applying for a Traditional / Investment Plan from the Company?

Online Option

There are few of the plans which the company issues via the only mode only. To apply online, you just have to register via a login ID and password on the official website of the company. Once logged-in, you need to select a specific policy, coverage plan and fill in the application form. After the selection of your desired plan, you can make the premium payment via debit card/credit card/net banking.

Offline Application

One can purchase multiple plans of Kotak Life Investment Plans from banks, agents, brokers, branch and intermediaries.

 How to Apply for Kotak Life Investment Plans?

  • On the official page of the Kotak Life Investment Plans , click on the Traditional Insurance tab under the Personal tab.
  • Click on the  New Quotes options to compare and choose the plan from the top insurance providers.
  • Mention your date of birth (DOB), and add in whether you are a smoker or a non-smoker.
  • Fill in your personal details like, name, email address, city, country code, and mobile number and press Continue.
  • Now, you will head to the Life Insurance quotes page and here you will get to see and choose life insurance quotes of more than 10 insurers.
  • After reviewing and comparing from all the plans provided, choose a life insurance quote, click on the premium amount to buy the desired plan.
  • You will see a pop-up notification bar on your screen which will help you with an overview of the chosen plan like premium, plan features, exclusions, additional riders, and more and than click on Proceed.
  • This will take you to the insurer’s website and now fill in the necessary details to buy the plan.

 FAQs on Kotak Life Investment Plans

1. Why choose Kotak Life Investment Plans?

The Kotak Life Investment Plans has an extremely very strong portfolio of traditional and investment plans which help to cater to all of your protection and savings requirement.

2. Which is the best investment plan of Kotak Life Investment Plans?

Each and every plan offered by the company holds a different kind of benefit and features and so, in conclusion, which ever plan fulfills your bucket of expectations and needs is the best for you. 

3. How to pay premium? What are the modes of payment available?

One can pay the premium amount via the following listed modes – Phone/Auto Debit/Cash/Cheque/Debit Card/Credit Card/Net Banking/Branch Banking.

4. How can I check policy status for Kotak Life Investment Plans?

 If you are a registered user, you simply need to log into the e-Portal with your policy details and then you can easily check your policy status.

5. What is the policy renewal process for Kotak Life Investment Plans?

  •  If you are a registered user, then you can renew online in 3 easy steps:-
  • Step 1: Log into the e-Portal with the policy details.
  • Step 2: Choose the policy and payment option from the listed options- Net Banking. Debit/Credit Card
  • Step 3: Pay via the secured gateway and print/save the receipt of payment.
  • In the offline mode, you can simply deposit cash or cheque at the nearest branch.

Leave a Comment

Your email address will not be published.