Kotak Life Investment

Investment ensures financial stability for the future. Many life insurance companies in India offer traditional investment plans to help investors build wealth, and Kotak Life Insurance is one of them. The company offers a wide variety of investment options to its policyholders. Read on to find out the details!

What Is an Investment Plan?

A traditional investment plan is one in which individuals invest their money in accordance with the policy's terms and conditions. They are especially useful for people who desire to meet long-term financial goals such as buying a dream home, saving for their children's high school education or marriage, and so on. When making an investment, it is critical to evaluate numerous options and select the one that is best for you.

Benefits of Kotak Life Investment Plans

The following are the benefits of investing in Kotak Life Investment Plans:

• Family Protection: Policyholders may safeguard the future of their loved ones with Kotak Life Investment Plans. Accidents, such as death, can occur at any time. However, by purchasing a traditional life insurance policy, you may assure that your family is financially secure even if you are not present.
• Achieve Financial Objectives: Kotak Life Investment Plans will assist you in achieving financial objectives such as purchasing a dream home or car, saving for your children's education, and safeguarding your retirement, among others.
• Customized Plans: Kotak Life Investment Plans policyholders can modify their investment schemes to meet their specific needs. You can purchase several life insurance riders in addition to your base policy. However, you may have to pay an additional fee to purchase riders.
• Build Wealth: In addition to protecting your loved ones, investment plans can help you build wealth. Kotak Life Investment Plans offers policyholders cumulative earned bonuses and interim incentives upon death or maturity, whichever the case may be.

Best Kotak Life Investment Plans 2023

Here’s a rundown of the best Kotak Life Investment Plans to invest in:

Let’s find out the key features and benefits of each investment plan in detail:

Kotak Assured Income Accelerator

The Kotak Assured Income Accelerator is a guaranteed income endowment insurance plan. It provides a risk-free income to its investors. The key features of this plan are highlighted below:

• During the payout term, the plan provides guaranteed income that is paid every year.
• With the help of income boosters, this feature allows for a rise in income (approximately 5-7 % on a yearly basis).
• Investors might expect a higher return if they choose a higher yearly premium.
• The plan will give death benefits to the nominee in addition to the guaranteed income in the event of the death of the policyholder.
• The maturity benefit is paid to the policyholder if he or she survives the policy tenure.
• You can easily adjust your plan to meet your needs by adding additional riders.

Kotak Assured Savings Plan

The Kotak Assured Savings Plan is an endowment-based protection plan that enables policyholders to earn wealth and improve their finances in order to ensure a secure future. The key features of this plan are as follows:

• The maturity benefit of the Kotak Assured Savings Plan is assured. It will be the total of the basic sum assured plus any collected yearly add-ons and loyalty incentives.
• This life insurance coverage grows annually, with additions made each time the premium is paid. The policyholders receive the same at the time of maturity.
• The higher premium benefits of the plan result in a higher basic sum assured.
• Optional riders are available with this Kotak Life investment plan, which help enhance the basic coverage.
• Policyholders can enjoy tax exemptions for premiums paid under Section 80(C) and benefits received under Section 10 from their tax liability (10D).

Kotak Premier Endowment Plan

The Kotak Premier Endowment Plan is a non-linked endowment plan that meets the financial requirements of the policyholder. This plan helps investors build a corpus of wealth through bonuses. Some of the key features of this plan are as follows:

• In the first 5 years of the policy tenure, policyholders are liable for guaranteed additions to the basic sum assured. The sum accrued as a result of these additions will be paid out upon death or maturity.
• Bonuses begin to be collected in the sixth year of the term and are payable along with the death or maturity payout.
• The plan has two premium payment options: regular and limited pay.
• Policyholders can choose from seven optional riders to enhance the coverage of their investment plan.

Kotak Premier Moneyback Plan

The Kotak Premier Moneyback Plan is a savings and protection life insurance plan with a time limit. The plan provides lump-sum payments at regular intervals, allowing customers to satisfy their short-term financial needs. The key features of this plan include:

• Depending on the policy term, the plan pays out a percentage of the basic sum assured as regular payments.
• The insured will receive maturity additions as a lump sum amount at the end of the policy term, in addition to the final payout.
• Investors are likely to get bonuses at the end of the first year of the policy.
• Accidental death benefit rider to enhance the investment plan coverage for the policyholders.

Kotak Classic Endowment Plan

This approach helps you achieve dual goals in the form of savings and wealth accumulation. It is a non-linked, individual-participating traditional life insurance plan that provides long-term protection. The key features of this Kotak Life Investment Plan are highlighted below:

• Policyholders are covered under this plan until they reach the age of 75.
• Policyholders are eligible for yearly bonuses (if earned).
• Flexibility to select from premium payment modes and policy tenures.
• Policyholders also get discounts on choosing a high-sum assured plan.
• This plan also includes a number of riders for extra protection.

Kotak Guaranteed Savings Plan

The Kotak Guaranteed Savings Plan is a non-linked, non-participating life insurance plan. This endowment plan offers a limited premium payment option as well as tax advantages to its policyholders. Some of the key features of this plan are as follows:

• Policyholders receive assured additions for the rest of the tenure at the end of the premium payment term.
• The plan allows for a restricted premium payment option.
• The plan provides a lump sum amount as a guaranteed loyalty addition at the end of the insurance term.
• Additional riders are included in the plan to get enhanced protection at a reasonable cost.
• The plan will pay out death benefits to the family of the insured in case of his or her death.

Kotak Assured Income Plan

It is a traditional savings plan that provides assured returns at a rate of the sum assured based on the yearly premium amount for a period of 15 years to the policyholders.

• Depending on the entry age, a guaranteed payout of 104 % to 110% of the basic Sum Assured is paid at maturity.
• In the case of death, the beneficiary receives a reward equal to 106 % of the basic sum assured, or the Guaranteed Maturity Benefit, at the time of maturity.
• There is an option to add four riders for additional coverage.
• Loans up to 80% of the Surrender Value are available.

Process To Buy Kotak Life Investment Plans

When purchasing any investment plan in India, it is crucial that you check if the company provides online services. Kotak Life Insurance Company is one of the best insurance companies that allows you to buy traditional life insurance plans online. Here’s a detailed guide to buying Kotak Life Investment Plans:

Documents Required To Buy Kotak Life Investment Plans

• Age proof: Aadhar card, Passport, Driving License, voter ID, Birth certificate
• Identity proof: PAN card, passport, Voter ID, A letter from a public servant or recognized public authority confirming your identification, together with a photograph.
• Address Proof: Ration card, Passport, bill of electricity, or telephone.
• Income Proof: On company letterhead, a certificate from the employer, a Recent salary slip
• Cancelled Cheque
• Passport size photograph

Steps You Need To Follow To Buy Kotak Life Investment Plans

• Visit the official website of Kotak Life Insurance.
• Click on the “Investment Plans” tab.
• Provide all the required information about yourself, including name, gender, age, profession, and more.
• Select the investment option in which you want to invest.
• Submit all the necessary documents to an insurance company.
• Make a premium payment online to buy Kotal Life Investment Plan.
• The policy document will be shared to your registered email id.

About Kotak Life Insurance Company