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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.
The company offers several Kotak Investment Plans that are designed to fulfil the investment and savings related needs of every individual. The investment plans available with the company are given below in complete details.
The company offers several Kotak Investment Plans that are designed to fulfil the investment and savings related needs of every individual. The investment plans available with the company are given below in complete details.
Kotak Mahindra Investment Plans come with several unique features that help you to build a financial corpus for your long-term goals. Take a look below to explore some of the unique features of Kotak Investment Plan:
With the investment options offered by Kotak Life, you are guaranteed a regular source of income for the duration of the policy.
Policyholders can assure a sum for their loved ones in case of their demise. They can further choose to receive payouts per their circumstances.
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.
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.
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.
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.
Kotak Mahindra Investment Plans offers a range of benefits and ensures that you are easily able to invest in the plan. Below-mentioned are some of the of Kotak Investment Plan:
Claim Settlement Ratio plays an important role in deciding the authenticity of the company. At present Kotak Life has covered over 30 million lives since its inception in 2001. Usually, the claims for Kotak Mahindra Investment Plans 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)
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.
S. No. | Names of Plans | Who should buy it? |
1 | Kotak Assured Income Accelerator | Individuals looking to optimize their income Individuals who are averse to risks but need guaranteed returns |
2 | Kotak Assured Savings Plan | Ideal for people looking for low-risk guaranteed returns |
3 | Kotak Premier Endowment Plan | People in search of guaranteed additions and bonuses to accumulate a corpus should look at this plan. It is suitable for individuals who want to enhance their cover with additional disability benefits. |
4 | Kotak Invest Maxima | People looking for flexibility in managing their investments, should consider this plan. Individuals looking for a systematic entry into the extremely unpredictable equity market. |
5 | Kotak Premier Moneyback Plan | Ideal for individuals who are looking for an alternate source of income for their families in the event of their death. Suitable for people who want to grow their savings annually. |
6 | Kotak Classic Endowment Plan | This plan can be considered by those in search of opportunities to save and accumulate wealth at the same time. Investors looking for long-term coverage, up to 75 years, may find this plan suitable. |
7 | Kotak SmartLife Plan | This can be a suitable option for those who wish to remain protected in case of unexpected financial obligations in the future. Ideal for individuals looking to build a corpus for their needs post retirement |
8 | Kotak Premier Income Plan | For someone looking for life insurance with the added benefit of creating a savings corpus, this plan serves both aspects. |
9 | Kotak Sampoorn Bima Micro-Insurance Plan | Low-income individuals are advised to consider this plan. |
10 | Kotak Single Invest Plus | People who want high returns on their market-linked investment while staying protected are ideal customers for this plan. |
11 | Kotak Single Invest Advantage | Investors who are willing to take higher risk of investment can opt for this plan. |
12 | Kotak Platinum Plan | This can be found suitable by individuals who want flexibility in the investment process. The plan is for investors on the lookout for a high risk, high returns investment policy. |
13 | POS Bachat Bima Plan | It is suitable for investors who are looking for easy-to-understand and simple purchase processes. |
14 | Kotak Guaranteed Savings Plan | This plan should be bought by individuals who want additional coverage because it comes with a number of riders. |
15 | Kotak Ace Investment | Investors who are not averse to market-linked risks associated with their investments, can purchase this plan. |
16 | Kotak e-Invest | This is a customizable plan, so people who work well with a certain degree of flexibility should choose this plan. People looking for coverage inclusive of life cover, investment, financial security and retirement planning should invest in this plan. |
17 | Kotak Wealth Optima Plan | Individuals who aspire to be independent and financially secure while being protected under a life cover can opt for this. |
18 | Kotak Premier Life Plan | People who are in the lookout for long term coverage should find this plan suitable. This is for people who wish to receive immediate benefits at the end of premium payment term. |
**Last Updated on Febuary, 2022
In the next sections, we have attempted to briefly discuss important features of each of the above-mentioned investment plans.
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
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 Febuary, 2022
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
Eligibility Criteria:
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
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 Febuary, 2022
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
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 Febuary, 2022
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
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 Febuary, 2022
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
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 Febuary, 2022
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
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 Febuary, 2022
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
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 Febuary, 2022
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
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 Febuary, 2022
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
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 Febuary, 2022
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
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 Febuary, 2022
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
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 Febuary, 2022
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
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 Febuary, 2022
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
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 Febuary, 2022
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
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 Febuary, 2022
Kotak e-Invest is a non-participating, unit-linked endowment plan that provides comprehensive coverage with the provision for customization.
Key Features
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 Febuary, 2022
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
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 Febuary, 2022
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
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 Febuary, 2022
One can buy Kotak Mahindra Bank Investment Plans easily from the company's official website or from the trusted platform of PolicyX.com.
Below mentioned are the steps that will help you to understand the buying process of Kotak Bank Investment Plan. Take a look:
Purchase With Kotak Life:
Purchase With PolicyX.com:
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.
Policyholders can make claims for their Kotak Bank Investment Plan easily by following the below mentioned process. Follow below steps to get your claims settled easily.
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
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1. Can I switch between different funds under Kotak Investment Plans?
Yes, switching between funds is possible with Kotak Life savings and investment Plans.
2. How many fund choices does Kotak Life Insurance offer?
Now, you can choose from 6 different fund options. These are:
3. Can I surrender my Kotak investment plan before maturity?
Yes. As an investor, you have the authority to surrender before the maturity date. Once the surrender value is paid out, the policy will be terminated.
4. Do Kotak Life Investment Plans provide guaranteed returns?
Yes, several plans guarantee returns on your investments. Policyholders also get accrued bonuses and yearly additions on their investments. Please note that with ULIPs and other market-linked plans, the risks are borne by the investors.
5. How can I check the status of my Kotak Investment Plan?
If you are a registered user, you can simply log in to your account through the e-portal and check the status anytime, anywhere.
6. How can I pay premiums for my Kotak Mahindra Bank Investment Plans, and what available mores are there to pay the same?
The company offers more than 10 premium payment modes, namely:
For the online payment mode, the policyholder can pay via; Credit Card, Debit Card Net banking
(Showing latest 5 reviews only)
June 6, 2022
Karan Veer
MumbaiMay 31, 2022
Urvashi R
DelhiHey everyone, just wanted to say that Kotak Mahindra Life Insurance is one of the best life insurance companies. You can even you should go for this company if you want to secure your family s future.
November 17, 2021
Ramakant dubey
HyderabadBahut achi company hai, mai bht khush hu iske plan leke. premium bhi kafi kam hai. customer care team bhi kafi achi hai aur bht ache se plan ko samjhati hai.
October 8, 2021
Manish sharma
Delhithey have amazing plans to choose from...the features are pretty good and the plans are very less expensive
September 28, 2021
Samiksha
Mumbaipolicyx.com se help liya tha plan khareedte time...features kaafi sahi mil gaye and im happy to have chosen them for support
Last updated on Febuary, 2022
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Kotak Mahindra company has fast customer service and sells good life insurance policies. I suggest all my friends and family also buy a life cover policy from Kotak Mahindra company.