Kotak Investment Plan
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Kotak Investment Plan

Kotak Life Insurance is one of the fastest-growing life insurance companies in India. The company aims to add value to the lives of customers through financial products of protection and savings. Kotak Investment Plans ensure that your money does all the required hard-work so that you can live life to the fullest. Browse through the below-mentioned plans to know more.

Types of Kotak Investment Plans

1. Kotak Smartlife Plan

It is a limited pay non-linked participating life insurance plan. A limited pay participating endowment plan that offers the option to avail cash bonus payouts from the initial year of your investment to deal with all financial requirements. You can also use the same cash bonus to create a corpus for big financial goals.

Key features

  • Protection: The plan offers complete protection up to the age of 75 years. It ensures that you live life to the fullest.
  • Flexibility to choose bonus: Kotak Smartlife Plan allows you to avail of the required bonus option.
  • Survival benefit: The plan has come out with multiple bonus options such as cash payout option and paid-up addition option.
  • Maturity Benefit: If the insured survives until the maturity date, he will be liable to receive maturity benefits.
  • Tax benefits: You can easily avail tax benefits under 80C and Section 10(10D) of Income Tax Act, 1961.

Eligibility

Entry age3-55 years
Maturity age75 years
Basic sum assuredMin- 2,50,000
Max-No limits
Policy tenure75 years less entry age
Premium payment modeYearly, half-yearly, quarterly, monthly
Premium payment term6, 8, 10, 12 and 15 years

2. 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.

  1. Zero premium allocation charge: There will be no deduction in the premium allocation charge. It ensures that most of your money is invested in the chosen fund option and gets huge returns.
  2. Choice of portfolio options: The plan comes out with two portfolio strategies. You will get the flexibility to choose the desired one among 5 different fund options.
  3. Convenience: The plan provides the ease to choose the policy term and premium payment term. You can choose the desired one as per your convenience.
  4. Partial withdrawals: After completion of 5th year, you will get complete access over your investment. You have the authority to make partial withdrawals.
  5. Death benefits: To assist your family in case of your demise, this Kotak investment plan comes out with death benefits. It will provide the needful financial assistance to deal with daily needs.
  6. Tax Benefits: Like other investment options, this plan also offers tax benefits under section 10(10D) and section 80C of the Income Tax Act, 1961.

Eligibility

Entry age 0-65 years
Premium payment termRegular: Same as the chosen policy term
Limited: 5 years
Maturity age10-75 years
Premium payment modeAnnual & single
Policy terms (fixed)Regular Premium: 10, 15, 20, 25 & 30 years Limited
Premium: 10, 15, 20, 25 & 30 years
Single-Premium: 10 years

3. POS Bachat Bima Plan

It is a simple saving, yet protection plan. The plan comes out with guaranteed benefits along with a life insurance cover that suits your needs.

Key Features

  1. Multiple plan options: It comes out with two plan options to choose from - Life & Life Plus.
  2. Double Protection: With the Life Plus option, the nominee will be liable to receive double protection in case of accidental death.
  3. Guaranteed Additions: The insured will receive guaranteed yearly additions throughout the policy tenure.
  4. Loyalty additions: At the time of maturity, the insured will be liable to receive guaranteed loyalty additions.
  5. Death Benefits: In case of an unfortunate demise, the nominee will be liable to receive death benefits subject to the waiting period.
  6. Tax benefits: Tax benefits act as a cherry on the cake. With all the covers and benefits, the option of saving tax is always great. This Kotak investment plan allows you to avail the same under Section 80C and Section 10(10D) of Income Tax Act, 1961.

Eligibility

Entry age 12-45 years
Policy term16 years / 20 years
Maturity age28-65 years
Premium payment term8 years to 20 years
Premium payment modeYearly, half-yearly, quarterly, monthly

4. Kotak Premier Income plan

Kotak Premier Income plan is a limited pay participating life insurance plan. It allows the investor to reap the benefits of his/her investment while staying protected. The plan comes out with a couple of benefits such as guaranteed annual income and accrued bonuses. It offers a wide range of funds which ensures great returns.

Key Features

  1. Guaranteed income: The plan allows you to avail guaranteed annual income. It starts immediately after the premium payment tenure.
  2. The enhanced sum assured rates: It offers enhanced sum assured rates when it comes to women investors and for those who opt for higher premiums.
  3. Accrued bonuses: Keep enjoying accrued bonuses throughout the policy tenure.
  4. Optional riders: Allows to enhance the basic cover with the help of additional riders.
  5. Maturity benefits: On survival, till the end of the policy tenure, you will receive fund value including loyalty additions.

Eligibility

Entry age3-55 years
Maturity age18-78 years
Premium payment modeyearly, half-yearly, quarterly, monthly
Policy term (Fixed)15 years / 19 years / 23 years
Sum assuredDepends on premium, age, gender, PPT & policy term

5. Kotak Premier Life Plan

Kotak Premier Life Plan is a participating whole life insurance plan. It is designed to secure your life until the 99th birthday. The plan allows you to receive bonus payouts after the premium payment term expires. This plan assists you to achieve your financial goals and create a legacy for your children to enjoy.

Key Features

  1. Participating whole life insurance plan: The plan is designed to offer the required financial cover till the age of 99 years.
  2. Reversionary bonus: The plan offers a reversionary bonus till the end of the policy term and cash bonus as well when the premium payment term ends.
  3. Bonus payouts: The investor will receive bonus payouts and allowed to accumulate them under This Kotak investment plan.
  4. Discounts: The plan offers discounts on choosing a higher sum assured. If you are a female, you will get additional discounts.
  5. Enhance protection: There are multiple additional riders available that you can use to enhance the basic cover.
  6. Tax benefits: There are more and more savings opportunities with this investment product. Apart from the basic benefits, the plan also allows you to grab tax advantages as per the tax laws.

Eligibility

Entry age3-55 years
Premium payment term8, 12, 15 and 20 years
Maturity age 99 years
Minimum sum assured on maturityRs. 2,00,000/-
Policy tenure99 years- entry age

6. Kotak Assured Savings Plan

Kotak Assured Savings Plan is a pocket-friendly protection plan. The plan allows you to accumulate wealth and strengthens your finances for a secure future. With great features and guaranteed benefits, it ensures that you achieve all your financial goals.

Key Features

  1. Guaranteed maturity benefit: Kotak Assured Savings Plan offers guaranteed maturity benefit. It will be the sum of basic sum assured plus accrued guaranteed at yearly additions plus loyalty additions.
  2. Increasing life cover: It offers yearly additions every time you make the premium payment. You will be liable to receive the same at the time of maturity.
  3. Higher benefits: The plan provides higher benefits with the help of yearly additions, guaranteed loyalty additions and an increase in premium payment terms.
  4. More value: It offers more value to money with the help of higher premium benefit that leads to higher basic sum assured.
  5. Enhanced protection: This Kotak investment plan comes out with optional riders that help in enhancing the basic cover. All optional riders are available at nominal prices.
  6. Tax benefits: Avail tax benefit on premiums paid u/s 80(C) and benefit received u/s 10(10D).

Eligibility

Entry age 3-60 years
Premium payment modeYearly, half-yearly, quarterly, monthly
Maturity age18-75 years
Annualized premiumMin:20,000
Max: No limit, subject to underwriting
Premium modal factorYearly: 100%
Half-yearly: 51%
Quarterly: 26%
Monthly: 8.8%

7. Kotak Assured Income Accelerator

It is a non-participating guaranteed income endowment insurance plan. It is a unique plan that offers risk-free returns. It makes sure that you receive guaranteed income every year. Kotak Assured Income Accelerator is a plan that grows with your savings.

Key Features

  1. Guaranteed Income: The plan offers guaranteed income which is payable every year during the payout period.
  2. Increase in income: This feature allows an increase in income with the help of income boosters from 5 to 7% on a yearly basis.
  3. Higher-income: With the higher annual premium option, this plan offers guaranteed higher income as well.
  4. Death benefit: In case of demise, the plan will provide death benefits to the nominee irrespective of paid guaranteed income.
  5. Maturity benefit: Along with the last payout, this Kotak saving plan allows you to receive maturity benefits.
  6. Customize protection: With the help of additional riders, you can easily customize your plan as per your needs.
  7. Tax benefits: According to the tax laws, the plan is providing tax benefits up to a certain limit.

Eligibility

Entry age 0-60 years
Premium payment optionLimited only
Maturity age18-85 years
Annual premium15000- no limit
Guaranteed income optionYearly or monthly

8. Kotak Endowment Life Insurance Plan

To achieve financial goals, it is important to have regular and long term savings. Kotak Endowment Life Insurance Plan is such a plan that assists you to achieve long term goals. It offers guaranteed additions in the initial 5 years. It is a long term saving as well as a protection plan. It ensures financial independence in all situations. It offers multiple options for additional cover.

Key Features

  1. Guaranteed additions: In the initial 5 years of the policy, the plan offers guaranteed additions which are 5% p.a of the basic sum assured.
  2. Earn bonus: The plan allows you to earn a bonus from the 6th policy year onwards.
  3. PPT convenience: The plan offers the flexibility of regular premium and limited premium payment. It offers multiple options to choose from - 5, 7, 10 or 15 years for various term combinations.
  4. Optional riders: Kotak Endowment Life Insurance Plan comes out with 7 additional riders. These riders are great to enhance the basic cover
  5. Maturity benefits: The plan offers wealth creation opportunities during the policy tenure. At the time of maturity, you will be liable to receive maturity benefits.
  6. Death benefits: To deal with the death crisis, this Kotak investment plan offers an amount called death benefit to the nominee. It will assist your family to deal with all financial requirements & liabilities.
  7. Tax benefits: Along with other benefits, the plan will also provide tax benefits under section 10(10D) and section 80C of the Income Tax Act, 1961.

Eligibility

Entry age 18-60 years
Premium payment term (PPT)Regular Pay: Same as policy term Limited Pay:5, 7, 10 & 15 Years
Maximum maturity age70 years
Premium payment modeYearly, Half-yearly, Quarterly, Monthly
Minimum premiumRegular Pay: 8,000 per annum
Limited Pay: 15,000 per annum

9. Kotak Sampoorn Bima Micro Insurance Plan

Kotak Sampoorn Bima Micro Insurance Plan is a non-linked & 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

  1. Single premium: You have to make a single premium payment of a very nominal price.
  2. Guaranteed Payout: In case of maturity or death of the policyholder, the plan offers guaranteed payouts.
  3. Ease of buying: There is no medical test required to get insured under this insurance plan.
  4. Maturity benefits: On survival, the plan will provide maturity benefits depending on the entry age of the insured.
  5. Surrender benefits: In need of urgent cash, you can take advantage of surrender benefits. The plan has multiple options that you can avail of.
  6. Tax benefits: As per the Indian laws, you will be liable to receive tax benefits on your investment.

Eligibility

Entry age18-55 years
Policy term(fixed)5 years
Maturity age60 years
Premium payment optionSingle
Premium (fixed)200

10. Kotak Guaranteed Savings Plan

Kotak Guaranteed Savings Plan is a non-linked & non-participating life insurance plan that provides guaranteed benefits. The plan comes out with a limited premium payment option. It is a great plan to secure your future.

Key Features

  1. Guaranteed additions: At the end of the premium payment term, you will receive guaranteed additions for the rest of the tenure.
  2. Limited premium: The plan has come out with limited premium payment options.
  3. Loyalty additions: At the end of the policy tenure, the plan provides a lump sum amount as a guaranteed loyalty addition.
  4. Riders: For enhanced protection, the plan comes out with additional riders at pocket-friendly prices.
  5. Death benefits: The plan will provide the required financial assistance to the family in case of the insured’s demise. It will help them in living an independent life.

Eligibility

Entry age3-60 years
Policy term(fixed)14 years / 15 years / 16 years / 20 years
Basic sum assuredDepend on premium, age, PPT & policy term
Premium payment modeYearly, half-yearly, quarterly, monthly
Premium levelsMin: 20,000 p.a.
Max: No Limits

11. Kotak Premier Money Back Plan

Kotak Premier Money Back Plan is a saving cum insurance plan. It is a unique plan which blends protection and savings. It is a limited pay plan that offers lump-sum payouts at regular intervals. It will help you in meeting interim monetary needs.

Key Features

  1. Regular payouts: The plan offers regular cashback that depends on the choosing policy term. It will be a percentage of the basic sum assured.
  2. Maturity additions: At the end of the policy tenure, along with the final payout, the insured will receive a lump sum amount. It depends upon the chosen policy tenure.
  3. Additional death cover: Along with the basic death benefit, the plan also provides an additional payout in case of accidental death.
  4. Bonuses: From the initial year of the policy, the investor will start receiving bonuses.
  5. Optional Riders: To avail additional protection, you can invest in available additional riders at nominal prices.

Eligibility

Entry age 2-57 years
Premium payment modeyearly, half-yearly, quarterly, monthly
Maximum maturity age75 years
Premium levelsMin: Depends on Minimum Sum Assured
Max: Depends on Sum Assured levels acceptance
Policy term (Fixed)16 years / 20 years / 24 years

Why Kotak Investment Plans?

To achieve financial goals, it is important to invest your hard-earned money in the right instrument. Kotak Life Investment Plans have come out as a preferred option to secure your future. With a wide range of investment plans, it ensures that it caters to the multiple needs of its customers. All plans carry great opportunities to create wealth. Those who want to invest their money in fruitful and trustworthy platforms should definitely go for Kotak Investment Plans. As an investor, you will get the opportunity to access your investment and examine involved risks. All plans provide the needful financial assistance to you today and tomorrow.

Kotak Investment Plans: FAQs

Yes, switching between different funds is allowed under Kotak Investment Plans. You can switch across all funds provided by the company in any desired proportion.

Kotak Life Insurance offers a choice of six different funds namely:

  • Balanced Fund
  • Gilt Fund
  • Aggressive Growth Fund
  • Floating Rate Fund
  • Bond Fund
  • Growth Fund

Yes. As an investor, you have the authority to surrender before the maturity date. After the payout of the surrender value, the policy will be terminated.

Under the Kotak Life Insurance Policy, you have complete access to your investment. It gives you the freedom to manage your plan.

Yes, there are many plans that do come out with the guaranteed returns feature. There are several additional benefits as well that you can avail of.

If you are a registered user, you can simply log in to your account through the e-portal and can check the status anytime from anywhere.

Last updated on 05-11-2020