Kotak Investment Plan

Kotak Life Insurance offers a range of investment plans for its customers with the additional benefit of creating a savings corpus. The company's product range guarantees returns on investments made, especially from market-linked financial instruments. Most of the Kotak Life investment plans offer annually vested bonuses and income boosts, enabling buyers to optimize their earnings.

Features of Kotak Life Investment Plans

1. Periodic Income Opportunity

   With the investment options offered by Kotak Life, you are guaranteed a regular source of income for the duration of the policy.

2. Death Benefit

   Policyholders can assure a sum for their loved ones in case of their demise. They can further choose to receive payouts per their circumstances.

3. Maturity Benefit

   If buyers manage to survive the entire duration of the policy, they are liable to receive all or a percentage of the sum assured at maturity.

4. Flexible Plan Options

   Several of these investment plans come with multiple fund options and investment strategies, giving investors control over their money and allowing them to balance out the risks associated.

5. Dual Benefit

   Every plan mentioned in the following sections takes care of your savings and investment, along with a life cover to assist you in living a financially secure future.

6. Protection Against Inflation

   Kotak Life allows you to systematically invest in market-linked funds over a considerable period. This gives your money time to stabilize and subsequently, grow over the years.

Benefits of Kotak Life Investment Plans

Claim Settlement Ratio of Kotak Life

It has covered over 30 million lives since its inception in 2001. Usually, the claims are settled in a matter of 7 to 15 days once all the prerequisites have been received.

As of FY 2019-20, Kotak Life claim settlement ratio stands at 96.38%.

Please take a look at the graph to check the Claim Settlement Ratio of Kotak Life and other top Life Insurers.

Top Life Insurance Companies in India (Based on CSR 2019-20)

Savings and Investment Plans offered by Kotak Life

Let's look at a quick overview of savings and investment plans offered by Kotak Life Insurance Company and who should ideally invest in these.

**Last Updated on August, 2021

Overview of Kotak Life Investment Plans

In the next sections, we have attempted to briefly discuss important features of each of the above-mentioned investment plans.

1. Kotak Assured Income Accelerator

   Kotak Assured Income Accelerator is a non-participating guaranteed income endowment insurance plan. It offers risk-free returns. With this plan, the investors receive guaranteed income every year.

   Key Features

   • The plan offers guaranteed income which is paid every year during the payout period.
   • This feature allows an increase in income with the help of income boosters (approximately 5-7% on a yearly basis).
   • If opted for a higher annual premium, investors are guaranteed higher income.
   • In case of demise, the plan will provide death benefits to the nominee in addition to the guaranteed income.
   • This Kotak savings plan allows you to receive maturity benefits.
   • With the help of additional riders, you can easily customize your plan as per your needs.

   Eligibility Criteria:

   Entry age	0-60 years
   Premium payment option	Limited (7 Pay, 10 Pay, 15 Pay)
   Maturity age	Minimum: 18 years Maximum: 85 years
   Policy Term	7 Pay: 15 years 10 Pay: 20 years 15 Pay: 30 years
   Annual premium	Minimum: Rs. 15,000 (no maximum limit)
   Income option	Yearly or monthly

   **Last Updated on August, 2021

2. Kotak Assured Savings Plan

   Kotak Assured Savings Plan is an endowment-based protection plan that helps policyholders to build wealth and strengthen their finances for a secure future.

   Key Features

   • Kotak Assured Savings Plan offers guaranteed maturity benefit. It will be the sum of basic sum assured plus accrued yearly add-on plus loyalty additions.
   • The life cover under this plan increases annually with additions every time the premium is paid. Policyholders receive the same at the time of maturity.
   • Higher premium benefits offered with this plan leads to higher basic sum assured.
   • This Kotak Life investment plan comes out with optional riders that help in enhancing the basic cover.
   • Policyholders can avail tax benefit on premiums paid under section 80(C) and benefit received under section 10(10D).

   Eligibility Criteria:

   

3. Kotak Premier Endowment Plan

   Kotak Premier Endowment Plan is a non-linked endowment plan that caters to the financial needs of policyholders. This plan helps the investors to build a corpus through accrued bonuses.

   Key Features

   • Policyholders are liable to receive guaranteed additions in the basic sum assured in the first 5 years of the policy tenure. The amount accrued through these additions are payable at death or maturity.
   • From the 6th year of the term, bonuses start accruing which is payable along with the death or maturity benefit.
   • The plan offers flexibility in premium payment viz. Regular and Limited pay.
   • 7 optional riders can be availed by policyholders to increase protection.

   Eligibility Criteria:

   Entry age	Minimum: 18 years Maximum: 60 years
   Premium payment mode	Yearly, Half-Yearly, Quarterly, Monthly
   Maximum Maturity age	70 years
   Policy Term	Regular Pay: 10-30 years Limited Pay: 5 Pay: 10 to 30 years 7 Pay: 15 to 30 years 10 Pay: 15 to 30 years 15 Pay: 20 to 30 years
   Minimum premium	Regular Pay: Rs. 8,000 Limited Pay: Rs. 15,000
   Premium modal factor	Yearly: 100% Half-yearly: 51% Quarterly: 26% Monthly: 8.8%

   **Last Updated on August, 2021

4. Kotak Invest Maxima

   Kotak Invest Maxima is a unit-linked life insurance plan with a systematic switching strategy and maximum premium allocation. The plan allows the insured to enter the equity market in a systematic way.

   Key Features

   • With Zero premium allocation charge, most of your money is invested in the chosen fund option and gets returns.
   • The plan comes out with two portfolio strategies viz. systematic switching and self-managed strategy.
   • Self-managed portfolio strategies come with 5 fund options that enable policyholders to balance their risks with the period of investment.
   • The plan provides flexibility in the choice of policy term and premium payment term.
   • After the completion of 5th year, policyholders get complete access over their investments that they can use to make partial withdrawals.
   • To assist families in case of the policyholders' demise, this Kotak investment plan comes with death benefits.
   • Like other investment options, this plan also offers tax benefits under sections 10(10D) and 80C of the Income Tax Act, 1961.

   Eligibility Criteria:

   Entry age	0-65 years
   Maturity age	Minimum:10 years Maximum: 75 years
   Premium payment mode	Single, Regular and Limited
   Premium payment term	Regular: Same as the chosen policy term Limited: 5 years
   Policy terms (fixed)	Regular Premium: 10, 15, 20, 25 & 30 years Limited Premium: 10, 15, 20, 25 & 30 years Single Premium: 10 years

   **Last Updated on August, 2021

5. Kotak Premier Moneyback Plan

   Kotak Premier Moneyback Plan is a limited pay savings plus insurance plan. The plan offers lump-sum payouts at regular intervals that helps buyers to meet interim monetary needs.

   Key Features

   • The plan offers a percentage of the basic sum assured as regular payouts depending on the chosen policy term.
   • At the end of the policy tenure, along with the final payout, the insured will receive maturity additions as a lump sum amount.
   • Along with the basic death benefit, the plan also provides additional payout in case of accidental death at a nominal fee.
   • From the end of the 1st year of the policy, investors are likely to receive bonuses.

   Eligibility Criteria:

   Entry age	Minimum: 2 years Maximum: 57 years
   Premium payment mode	Yearly, Half-Yearly, Quarterly, Monthly
   Maximum maturity age	75 years
   Minimum Sum Assured	Rs. 1,50,000
   Policy term (Fixed)	16 years / 20 years / 24 years

   **Last Updated on August, 2021

6. Kotak Classic Endowment Plan

   This plan helps in securing dual requirements in the form of savings and wealth accumulation. It is an individual, participating, non-linked savings insurance plan that offers long-term protection.

   Key Features

   • With this plan, policyholders receive protection up till the age of 75.
   • Policyholders are liable to receive accrued yearly bonuses.
   • The plan offers flexibility in premium payment and term options.
   • Policyholders further receive discounts on high sums assured.
   • This plan also comes with various riders for enhanced protection.

   Eligibility

   Entry age	Minimum: No limit Maximum: 70 years
   Premium Payment	Regular and Limited
   Premium payment mode	Yearly, Half-Yearly, Quarterly, Monthly
   Minimum Premium	Rs. 7,000
   Maximum maturity age	Minimum: 18 years Maximum: 70 years
   Minimum Sum Assured	Depends on minimum premium amount, entry age, policy term and PPT
   Policy term	Minimum: 15 years Maximum: 30 years

   *PPT stands for premium payment term

   **Last Updated on August, 2021

7. Kotak SmartLife Plan

   Kotak SmartLife Plan is a limited pay non-linked participating life insurance plan. The plan offers the option to avail cash bonus payouts from the initial year of your investment to deal with all financial requirements.

   Key Features

   • The plan offers complete protection up to the age of 75 years.
   • Kotak SmartLife Plan offers bonus options viz. Cash Payout and Paid-up Addition.
   • If the insured survives until the maturity date, (s)he will be liable to receive maturity benefits.
   • Policyholders can further avail tax deductions under Sections 80C and 10(10D) of Income Tax Act, 1961.
   • Life Assured can choose from optional riders such as Kotak Term Benefit Rider, Kotak Accidental Death Benefit Rider, Kotak Permanent Disability Benefit Rider and Kotak Life Guardian Benefit Rider.

   Eligibility Criteria:

   Entry age	Minimum: 3 years Maximum: 55 years
   Maturity age	75 years
   Basic sum assured	Minimum: Rs. 2,50,000 Maximum: No limit
   Policy tenure	75 years less entry age
   Premium payment mode	Yearly, half-yearly, quarterly, monthly
   Premium payment term	6, 8, 10, 12 and 15 years

   **Last Updated on August, 2021

8. Kotak Premier Income Plan

   Kotak Premier Income plan is a limited pay participating life insurance plan. The plan comes out with benefits such as guaranteed annual income and accrued bonuses.

   Key Features

   • The plan comes with a guaranteed annual income. It starts immediately after the premium payment tenure.
   • It offers enhanced sum assured rates when it comes to women investors and for those who opt for higher premiums.
   • Investors can avail of accrued bonuses throughout the policy tenure.
   • Optional riders allow policyholders to enhance their basic cover.
   • On survival till the end of the policy tenure, policyholders are liable to receive maturity benefits plus loyalty additions.

   Eligibility Criteria:

   Entry age	Minimum: 3 years Maximum: 55 years
   Maturity age	Minimum: 18 years Maximum: 78 years
   Premium payment mode	Yearly, Half-Yearly, Quarterly, Monthly
   Policy term (Fixed)	15 years / 19 years / 23 years
   Premium Payment Term	15-year Policy term: 8 years 19-year Policy term: 10 years 23-year Policy term: 12 years
   Sum assured	Depends on premium, age, gender, PPT & policy term

   *PPT stands for Premium Payment Term

   **Last Updated on August, 2021

9. Kotak Sampoorn Bima Micro-Insurance Plan

   Kotak Sampoorn Bima Micro-Insurance Plan is a non-linked and non-participating endowment assurance plan. It is a single premium plan with a fixed tenure of 5 years which caters to the requirements of low-income investors. On paying a small premium under this plan, the insured will get maturity benefits.

   Key Features

   • This plan only comes with the single premium payment option.
   • In case of maturity or death of the policyholder, the plan offers guaranteed payouts.
   • Medical tests are not required to get insured under this plan.
   • On survival, the plan will provide maturity benefits depending on the entry age of the insured.
   • In need of urgent cash, policyholders can take advantage of surrender benefits.
   • As per Indian laws, Life Assured are liable to receive tax benefits on her/his investment.

   Eligibility Criteria:

   Entry age	Minimum: 18 years Maximum: 55 years
   Policy term (fixed)	5 years
   Maturity age	60 years
   Premium payment option	Single Pay
   Premium (fixed)	Rs. 200

   **Last Updated on August, 2021

10. Kotak Single Invest Plus

    Kotak Single Invest Plus is a unit-linked, joint insurance and investment plan, wherein the risks are weathered by the policyholder. The plan comes with the single premium payment option.

    Key Features

    • It comes with the single premium payment option which eliminates the hassle of making regular payments.
    • Life assured can cover another family member under this plan.
    • The plan offers loyalty additions for 10- and 15-year policy terms.
    • As per the investor's appetite for risk, they can choose from among 5 different fund options.

    Eligibility Criteria:

    Entry age	Primary Life Assured Minimum: 18 years Maximum: 55 years	Secondary Life Assured Minimum: 3 years Maximum: 55 years
    Policy term	10 and 15 years
    Maturity age	Primary Life Assured Minimum: 28 years Maximum: 67 years	Secondary Life Assured Minimum: 18 years Maximum: 67 years
    Premium payment option	Single Pay
    Premium	Minimum: Rs. 3,00,000 Maximum: No Limit
    Sum Assured	1st Death: 1.25X premium paid 2nd Death: 10X premium paid

    **Last Updated on August, 2021

11. Kotak Single Invest Advantage

    This is another unit-linked investment plan that offers returns on investments made; however, the risks are purely borne by the investors. This plan is an individual life insurance plan.

    Key Features

    • It comes with a single premium pay option.
    • Loyalty additions are added at 10 years into the policy term, recurring every 5 years after.
    • Kotak Single Invest Advantage enables policyholders to choose from 3 investment strategies viz. Self-managed strategy, Age-based strategy and Systematic Switching strategy.
    • Policyholders are allowed to withdraw money from that invested in market-linked financial instruments from the sixth year.

    Eligibility

    Entry age	10-year Policy term Minimum: 8 years Maximum: 45 years	15-year Policy Term Minimum: 3 years Maximum: 43 years
    Policy term	10 and 15 years
    Maturity age	10-year Policy term Minimum: 18 years Maximum: 55 years	15-year Policy Term Minimum: 18 years Maximum: 58 years
    Premium payment option	Single Pay
    Premium Amount	Minimum: Rs. 2,00,000 Maximum: No Limit
    Sum Assured	10X premium paid

    **Last Updated on August, 2021

12. Kotak Platinum Plan

    This variant of the unit-linked insurance plan offered by Kotak Life is flexible in its policy related options. Potential investors have control over their investments and they can customize according to their needs at nominal charges.

    Key Features

    • Policyholders are offered 3 investment strategies that they can use per their financial expectations to build a corpus.
    • Notably, almost 95% to 98% of the premiums paid are invested, thereby allowing room for maximized returns.
    • Investors can earn extra through additional Survival Units that are awarded every 5 years starting at the 10th policy year.
    • Further, buyers have the option to receive maturity benefits as lump sum or in instalments.
    • Policyholders are also allowed to make partial withdrawals from the money invested.
    • Accidental Death benefit rider and Permanent Disability rider can be availed by policyholders to enhance their coverage.

    Eligibility Criteria:

    Entry age	Minimum: No limit Maximum: 65 years
    Policy term	10 and 30 years
    Maturity age	Minimum: 18 years Maximum: 75 years
    Premium Payment Mode	Yearly / Half-Yearly / Quarterly / Monthly
    Minimum Premium Amount	Yearly: Rs. 99,000 Half-Yearly: Rs. 49,500 Quarterly: Rs. 24,750 Monthly: 8,250

    **Last Updated on August, 2021

13. POS Bachat Bima Plan

    POS Bachat Bima is another one of Kotak Life's dual benefit savings plus protection plan. The plan delivers guaranteed benefits along with a life insurance cover according to the needs of policyholders.

    Key Features

    • It comes out with two plan options to choose from - Life and Life Plus.
    • With the Life Plus option, the nominee is liable to receive double protection in case of accidental death.
    • The insured will receive guaranteed loyalty additions throughout the policy tenure.
    • In case of an unfortunate demise of the policyholder, the nominee is liable to receive death benefits subject to the waiting period.
    • This Kotak investment plan facilitates tax savings under Section 80C and Section 10(10D) of Income Tax Act, 1961.

    Eligibility Criteria:

    Entry age	Minimum: 12 years Maximum: 45 years
    Policy term	16 years or 20 years
    Maturity age	Minimum: 28 years Maximum: 65 years
    Premium payment term	16-year Policy term: 8 years 20-year Policy term: 10 years
    Premium payment mode	Yearly, Half-Yearly, Quarterly, Monthly
    Maximum Sum Assured	Rs. 10,00,000

    **Last Updated on August, 2021

14. Kotak Guaranteed Savings Plan

    Kotak Guaranteed Savings Plan is a non-linked, non-participating life insurance plan that provides guaranteed benefits. This endowment plan comes with a limited premium payment option and tax benefits.

    Key Features

    • At the end of the premium payment term, policyholders receive guaranteed additions for the rest of the tenure.
    • The plan comes with the option of limited premium payment.
    • At the end of the policy tenure, the plan provides a lump sum amount as a guaranteed loyalty addition.
    • For enhanced protection, the plan comes out with additional riders at pocket-friendly prices.
    • The plan will provide death benefits to the family in case of the insured's demise.

    Eligibility Criteria:

    Entry age	Minimum: 3 years Maximum: 60 years
    Maturity Age	Minimum: 18 years Maximum: 75 years
    Policy term(fixed)	14 years / 15 years / 16 years / 20 years
    Basic sum assured	Depends on premium, age, PPT & policy term
    Premium payment mode	Yearly, Half-Yearly, Quarterly, Monthly
    Premium Amount	Minimum: Rs. 20,000 annually

    **Last Updated on August, 2021

15. Kotak Ace Investment

    This is a unit-linked life insurance plus investment plan that can help you in wealth creation through a number of options in investment strategies and premium payment. The plan provides adequate life cover with investment opportunities in market-linked financial instruments.

    Key Features

    • Investors can manage their own funds as per their requirements through 3 strategies -
      • Those who want complete control over their investment and can manage their funds alone can opt for Self-managed strategy.
      • Age-based strategy should be opted for by investors who have little to no knowledge on managing finances and investments.
      • Systematic Switching strategy is for people who wish to systematically avail benefits associated with an equity investment.
    • Investors have the option to choose from either a 5-year premium payment term or a 10-year premium payment term.
    • Policyholders can Top-Up their investments with surplus funds to increase savings and even the life cover.
    • The plan allows partial withdrawals at the end of the 5th year of the policy.
    • Maturity benefit is payable as lump sum or as regular payouts.

    Eligibility Criteria:

    Entry age	Minimum: No Limit Maximum: 65 years
    Maturity Age	Minimum: 18 years Maximum: 75 years
    Policy term(fixed)	10 years / 15 years / 20 years / 25 years / 30 years
    Premium payment mode	Yearly, Half-Yearly, Quarterly, Monthly
    Minimum Premium Amount	Regular Pay Yearly: Rs. 30,000 Half-Yearly: Rs. 18,000 Quarterly: Rs. 9,000 Monthly: Rs. 3,000	Limited Pay Yearly: Rs. 50,000 Half-Yearly: Rs. 30,000 Quarterly: Rs. 15,000 Monthly: Rs. 5,000

    **Last Updated on August, 2021

16. Kotak e-Invest

    Kotak e-Invest is a non-participating, unit-linked endowment plan that provides comprehensive coverage with the provision for customization.

    Key Features

    • 100% of the premiums are invested in market-linked funds.
    • Yearly additions from the 7th year onwards enhance fund value.
    • Return on Mortality Charges ensures that 25-200% of deductions made under the life cover is added to the fund value upon surviving date of maturity.
    • The plan comes with three further options to choose from viz. Maximizer, Rising Star and Retire Rich.

    Eligibility Criteria:

    Entry age		Maximizer Minimum: 3 years Maximum: 60 years	Rising Star Minimum: 18 years Maximum: 50 years	Retire Rich Minimum: 3 years Maximum: 50 years
    Policy term		10-20 years	10-20 years	99 minus Entry Age
    Maturity age		Minimum: 18 years Maximum: 75 years	Minimum: 28 years Maximum: 60 years	99 years
    Premium payment option		Regular / Limited	Regular / Limited	Limited
    Minimum Premium Amount	Yearly	Rs. 9,000/-	Rs. 24,000/-	Rs. 24,0000/-
    	Half-Yearly	Rs. 4,500/-	Rs. 12,000/-	Rs. 12,000/-
    	Quarterly	Rs. 2,250/-	Rs. 6,000/-	Rs. 6,000/-
    	Monthly	Rs. 750/-	Rs. 2,000/-	Rs. 2,000/-
    Basic Sum Assured		10X annualized premium

    **Last Updated on August, 2021

17. Kotak Wealth Optima Plan

    Like Kotak e-Invest, this plan is also an individual, non-participating, unit-linked, endowment life insurance plan. Similar to other unit-linked investment plans offered by Kotak life, the associated risks are held solely by the policyholders.

    Key Features

    • The plan offers life cover till the age of 99 years.
    • Policyholders can choose from two investment strategies, viz. Self-managed and Age-based.
    • Yearly additions are applicable post the initial lock-in period of 5 years.
    • Wealth Boosters, added every 5 years from the 11th year of the policy, help increase long-term savings.
    • The plan comes with Accidental Benefit and Permanent Disability riders.

    Eligibility Criteria:

    Entry age	Minimum: 3 years Maximum: 65 years
    Maturity Age	Regular and Limited Pay Minimum: 18 years Maximum: 75 years	Whole Life Minimum: 18 years Maximum: 99 years
    Policy term(fixed)	10 years / 15 years / 20 years	99 minus Entry Age
    Premium payment mode	Yearly, Half-Yearly, Quarterly, Monthly
    Minimum Premium Amount	Yearly: Rs. 5,00,000 Half-Yearly: Rs. 2,50,000 Quarterly: Rs. 1,25,000 Monthly: Rs. 42,000

    **Last Updated on August, 2021

18. Kotak Premier Life Plan

    Kotak Premier Life Plan is a participating whole life insurance plan. It is designed to offer life cover till the 99th birthday. The plan allows policyholders to receive bonus payouts after the premium payment term expires. This plan assists investors in achieving their financial goals.

    Key Features

    • The plan offers a reversionary bonus till the end of the policy term and cash bonus when the premium payment term ends.
    • The investor will receive bonus payouts that they can use to accumulate a corpus under this Kotak investment plan.
    • The plan offers discounts on choosing a higher sum assured. Female investors receive additional discounts.
    • There are multiple riders available that one can use to enhance the basic cover.
    • Apart from the basic benefits, the plan also has tax advantages.

    Eligibility Criteria:

    Entry age	3-55 years
    Premium payment term	8, 12, 15 and 20 years
    Maturity age	99 years
    Minimum sum assured	Rs. 2,00,000/-
    Policy tenure	99 years less entry age

    **Last Updated on August, 2021

Procedure to Purchase Kotak Life Investment Plans

Note : A confirmation email with the soft copy of the policy will be sent to your registered email id on successful completion of the process.

Claim Process at Kotak Life

Claims can be intimated by the beneficiary in the following manner:

At this point, your claim will be registered and the insurer will contact and inform you about the claim decision upon successful verification.

For further assistance, you could call their customer service at: 022-66057280 from 10 am - 6 pm (Monday to Friday).

Alternately, one can also send an email at: kli.claimsmitra@kotak.com