Kotak Investment vs Lic Life Insurance Life Insurance 2026 | PolicyX
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Kotak Investment

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Lic Life Insurance

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

₹ 000 to No limit

Annual Premiums Collected (2024-25)

₹ 751.92 crores
Payout Options

Payout Options

-

Payout Options

Lump sum, regular frequencies or a combination of both
Claim ratio

Payout Options

Minimum Age - 5 year%

Payout Options

98.5%%
Solvency Ratio

Solvency Ratio

Maturity Age- 75

Solvency Ratio

1.98
Pan India Presence

Pan India Presence

Annual, half-yearly,

Pan India Presence

2048
Riders Available

Riders Available

Minimum term: 6 years. Maximum term: 30 years.

Riders Available

Accidental Death and Disability Benefits Rider, Accidental Death Benefits Rider, Critical Illness Rider, Waiver Benefit Rider
Inception year

Inception year

-

Inception year

-
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

-

Complaint ratio per ₹1 crore of premium collected

-
Average claim settlement time

Average claim settlement time

-

Average claim settlement time

-
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Types of Kotak Investment Plans Plans

Every plan currently being sold by Kotak Investment Plans, shown side-by-side so you can shortlist quickly.

Kotak Premier Endowment Plan

The Kotak Life Premier Endowment Plan is a hybrid offering that combines life insurance protection with a savings component, helpi... Read More

Unique Features

  • Guaranteed additions
  • Bonuses
  • Flexible payment term
Sum AssuredMinimum entry age: 18 years
Entry AgeMaximum entry age: 60 years
View plan

Kotak Life Invest Maxima

Kotak Life Invest Maxima is a Unit-Linked Insurance Plan (ULIP) designed by Kotak Life Insurance to offer both life cover and weal... Read More

Unique Features

  • Zero Premium Allocation Charges
  • Flexible Premium Pay
  • Partial Withdrawals
Sum Assured<ul> <li>Minimum Entry Age: 0 years</li> <li>Maximum Entry Age: 65 years</li> <li>Minimum Sum Assured: 5
Entry Age10
View plan

Kotak Life Premier Money Back Plan

The Kotak Life Premier Money Back Investment Plan is a savings-cum-protection plan that offers regular payouts as a percentage of ... Read More

Unique Features

  • Regular Payouts
  • Special Premium Discount
  • Maturity Additions
Sum AssuredMinimum entry age- 2 years
Entry AgeMaximum entry age- 57 years
View plan

Kotak Classic Endowment Plan

The Kotak Life Classic Endowment Plan is a long-term protection-cum-savings plan that offers life cover up to age 75. It provides ... Read More

Unique Features

  • Cover up to 75 Years
  • Special Premium Discount
  • Additional Bonuses
Sum AssuredMinimum entry age: 0 years
Entry AgeMaximum entry age: 70 years
View plan

Kotak Premier Income Plan

The Kotak Life Premier Income Investment Plan is a non-linked, participating whole life insurance plan that offers both savings an... Read More

Unique Features

  • Guaranteed regular payout
  • Bonus benefits
  • Rider protection
Sum AssuredMinimum entry age: 3 years Maximum entry age: 55 years Minimum sum assured: Depends on the premium and policy term Maximum sum assured: Depends on the premium and policy term Maximum policy term: 23 years
View plan

Kotak Single Invest Advantage

Kotak Single Invest Advantage is a unit-linked insurance plan (ULIP) from Kotak Life Insurance, combining investment growth with i... Read More

Unique Features

  • Single premium payment option
  • Choice of 5 different funds
  • 3 investment strategies
Sum AssuredMinimum entry age: 3 years
Entry AgeMaximum entry age: 45 years
View plan

Kotak Platinum Insurance plan

The Kotak Platinum Insurance Plan is a unit-linked life insurance savings plan (ULIP) that combines life cover with investment opp... Read More

Unique Features

  • Multiple investment strategies
  • Partial withdrawal option
  • Enhance protection through riders
Sum AssuredMinimum entry age: 1 year
Entry AgeMaximum entry age: 65 years
View plan

Kotak Guaranteed Savings Plan

Kotak Life's Guaranteed Savings Investment Plan combines life insurance with guaranteed savings, offering death benefits to nomine... Read More

Unique Features

  • Guaranteed Loyalty Additions
  • Limited Premium Payment Options
  • Waiting Period
Sum AssuredMinimum entry age: 3 years; Maximum entry age: 60 years; Minimum sum assured: Based on premium age/policy term/premium payment term; Maximum sum assured: Based on premium age/policy term/premium payment term; Maximum policy term: 20 years.
View plan

Kotak Ace Investment Plan

Kotak Life Ace Investment Plan is a ULIP combining life insurance coverage with investment growth. Policyholders can choose from m... Read More

Unique Features

  • Top-up premiums
  • Choice of life cover
  • Enhancing options to choose from
Sum AssuredMinimum entry age: 0 years
Entry AgeMaximum entry age: 65 years
View plan

Kotak e-Invest Plan

The Kotak Life e-Investment Plan is a ULIP offering the dual benefits of financial security for loved ones and a maturity amount f... Read More

Unique Features

  • Multiple plan option
  • Partial withdrawals
  • Enhancing options
Sum AssuredMinimum entry age: 3 years. Maximum entry age: 60 years. Minimum sum assured: 10 Times Annual Premium. Maximum sum assured: 10 Times Annual Premium. Maximum policy term: 99 - Age at Entry.
View plan

Kotak Wealth Optima Plan

Kotak Wealth Optima is a ULIP that combines wealth growth with financial protection for families, offering both maturity and death... Read More

Unique Features

  • Wealth boosters
  • Whole life coverage option
  • Yearly additions
Sum AssuredMinimum entry age: 3 years; Maximum entry age: 65 years; Minimum sum assured: 10 times Annual Premium; Maximum sum assured: 10 times Annual Premium; Maximum policy term: 99 years minus age of life insured
View plan

Kotak Assured Income Accelerator

The Kotak Life Assured Income Accelerator is a dual-purpose life insurance plan that combines protection with savings. It offers g... Read More

Unique Features

  • Guaranteed Income
  • Income Boosters
  • Optional Riders
Sum AssuredMinimum entry age: 3 years Maximum entry age: 65 years Minimum sum assured: 10 Times of Annual Premium Maximum sum assured: 10 Times Annual Premium Maximum policy term: 30 years
View plan

Kotak Guaranteed Fortune Builder Plan

Kotak Life's Guaranteed Fortune Builder is a comprehensive investment and savings plan designed to help individuals achieve financ... Read More

Unique Features

  • Get Long or Early Income
  • Earn Yearly Guaranteed Additions
  • In-built Waiver of Premium
Sum AssuredMinimum entry age: 3 years
Entry AgeMaximum entry age: 60 years
View plan

Kotak Fortune Maximiser Plan

The Kotak Life Fortune Maximiser is a limited-pay participating endowment plan offering long-term life coverage up to age 85. It a... Read More

Unique Features

  • Spouse Life Cover
  • Coverage till 85 years
  • Choice of Bonus Payout
Sum AssuredMinimum entry age- 90 days
Entry AgeMaximum entry age- 60 years
View plan

Kotak Single Invest Plus Plan

The Kotak Mahindra Single Invest Plus Investment Plan is a single-pay unit-linked insurance plan designed for both life protection... Read More

Unique Features

  • Choice of Fund Options
  • Loyalty Additions
  • In-built Joint Life Cover
Sum AssuredMinimum entry age- 3 year
Entry AgeMaximum entry age- 55 years
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Kotak Smart Life Plan

Kotak Smart Life is a non-linked, participating endowment life insurance plan that helps policyholders achieve financial goals and... Read More

Unique Features

  • Explore All about Kotak SmartLife Insurance
  • Understand the Key Features & Benefits
  • Check Eligibility Criteria
Sum AssuredMinimum entry age - 3 years
Entry AgeMaximum entry age - 55 years
View plan

Types of LIC Life Insurance Plans

Every plan currently being sold by LIC Life Insurance, shown side-by-side so you can shortlist quickly.

LIC Premium Endowment

The LIC Premium Endowment Plan (830) offers a dual benefit, providing financial protection for the family in case of the policyhol... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age: 14 years
Entry AgeMaximum entry age: 45 years
View plan

LIC Jeevan Tarun

LIC's Jeevan Tarun Plan (934) is a participating, non-linked, limited premium plan offering protection and savings tailored for a ... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
View plan

LIC New Children Money Back Plan

LIC's New Children Money Back Plan (Plan 932) helps parents and grandparents secure a child's future with financial support up to ... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age - 0 years
Entry AgeMaximum entry age - 12 years
View plan

LIC Bima Bachat

The LIC Bima Bachat Plan (916) is a single premium participating endowment policy focused on financial security and savings. It fu... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age: 15 years
Entry AgeMaximum entry age: 66 years
View plan

LIC Bima Diamond

The LIC Bima Diamond Plan (Table No. 841) was a non-linked, limited premium paying money-back plan, combining insurance and saving... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 14 years
Entry AgeMaximum Entry Age: 45 years
View plan

LIC Jeevan Arogya

LIC Jeevan Arogya is a health insurance plan from LIC, offering financial protection against rising medical expenses with affordab... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 91 days
Entry AgeMaximum Entry Age: 75 years
View plan

LIC Jeevan Shagun

LIC Jeevan Shagun (Plan 826) was a single-premium, participating money-back life insurance plan that combined life cover with guar... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 8 years
Entry AgeMaximum Entry Age: 45 years
View plan

LIC New Money Back 20 Years

The LIC New Money Back Plan 20 Years (Plan 920) is a non-linked, participating plan designed for business and salaried individuals... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age - 13 years
Entry AgeMaximum entry age - 50 years
View plan

LIC Jeevan Akshay

LIC Jeevan Akshay VI is an immediate annuity pure pension plan from LIC, designed for senior citizens seeking financial independen... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 25 years
Entry AgeMaximum Entry Age: 85 years
View plan

LIC Jeevan Shikhar

The LIC Jeevan Shikhar Plan (837) is a non-linked, participating, single premium endowment plan designed for both savings and prot... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
View plan

LIC Aadhaar Stambh

The LIC Aadhaar Stambh Plan is a non-linked, with-profits endowment plan designed exclusively for male Aadhaar cardholders, combin... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age - 8 years
Entry AgeMaximum entry age - 55 years
View plan

LIC Aadhaar Shila

LIC's Aadhaar Shila Plan is a non-linked, with-profits endowment plan designed exclusively for female Aadhaar cardholders, offerin... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 8 years
Entry AgeMaximum Entry Age: 55 years
View plan

LIC Jeevan Umang

LIC Jeevan Umang (Plan 945) is a whole life insurance plan that combines long-term savings with regular income. It offers yearly s... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 90 days
Entry AgeMaximum entry age- 55 years
View plan

LIC New Jeevan Anand

LIC New Jeevan Anand is a participating, non-linked plan that combines lifelong protection with savings, offering a death benefit ... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age - 18 years
Entry AgeMaximum entry age - 50 years
View plan

LIC Jeevan Rakshak Plan

LIC Jeevan Rakshak Plan (Table No. 827) is a non-linked, participating plan from LIC that combines life insurance and savings, off... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age: 8 years
Entry AgeMaximum entry age: 55 years
View plan

LIC Jeevan Lakshya Plan

LIC Jeevan Lakshya (Plan 933) is a non-linked, With-Profits Endowment Assurance plan designed to provide financial security for ch... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 18 years
Entry AgeMaximum entry age- 50 years
View plan

LIC New Endowment Plan

The LIC New Endowment Plan (914) is a non-linked life insurance policy offering guaranteed returns and bonuses, suitable for indiv... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 8 years
Entry AgeMaximum entry age- 55 years
View plan

LIC Single Premium Endowment

The LIC Single Premium Endowment Plan (Plan 917) is a traditional endowment policy offering both investment and protection with a ... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age - 90 days
Entry AgeMaximum entry age - 65 years
View plan

LIC Jeevan Saral

LIC Jeevan Saral Plan (165) is an endowment assurance plan where the policyholder chooses the premium amount, receiving approximat... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age - 12 years
Entry AgeMaximum entry age - 60 years
View plan

LIC Pradhan Mantri Vaya Vandana Yojana

The Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a government-subsidized, single-premium pension plan from LIC, offering an assur... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 60 years
Entry AgeMaximum Entry Age: No limit
View plan

LIC Kanyadan Policy

The LIC Kanyadan Policy, a popular term for plans like LIC Jeevan Lakshya, Amritbaal, and Jeevan Labh, helps parents build a finan... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 50 years
View plan

LIC Jeevan Shanti

LIC's New Jeevan Shanti (Plan No. 858) is a non-linked, single premium, deferred annuity plan from LIC, offering guaranteed annuit... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 30 years
Entry AgeMaximum entry age- 79 years
View plan

LIC Jeevan Saathi

LIC Jeevan Saathi (Plan 89) is an endowment assurance policy designed to cover both husband and wife under a single plan, offering... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 18 years
Entry AgeMaximum entry age- 55 years
View plan

LIC Micro Bachat

The LIC Micro Bachat Plan is a traditional, non-linked, participating micro-insurance plan offering both protection and savings, s... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredEntry Age: 18 to 55 years
Entry AgeMaximum Maturity Age: 70 years
View plan

LIC Komal Jeevan

The LIC Komal Jeevan Plan is a child-specific insurance policy for those aged 0-10, designed to secure their future needs like edu... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 90 days
Entry AgeMaximum Entry Age: 18 years
View plan

LIC Navjeevan Plan

LIC Nav Jeevan Plan (853) is a non-linked, with-profit endowment insurance plan from LIC, designed to provide financial security t... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 90 days
Entry AgeMaximum entry age- 45 years
View plan

LIC SIIP Plan

LIC SIIP (Plan 852) is a unit-linked, non-participating individual life insurance plan offering investment opportunities alongside... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 90 days
Entry AgeMaximum entry age- 65 years
View plan

LIC Bima Shree

LIC Bima Shree is a traditional, non-linked, money-back life insurance policy that combines security with savings through guarante... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
View plan

LIC Nivesh Plus

LIC Nivesh Plus (Plan 849) is a single-premium, unit-linked life insurance plan offering both protection and investment growth. It... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age: 90 days; Maximum entry age: 70 years; Minimum sum assured: 1 lakh; Maximum sum assured: No limit; Maximum policy term: 25 years
View plan

LIC Jeevan Akshay VII

LIC Jeevan Akshay VII is a single premium, non-linked, immediate annuity plan from LIC, designed to provide a lifelong pension to ... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
View plan

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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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