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Overview
Invest smartly for a better tomorrow with Kotak Assured Income Accelerator.
Kotak Life Assured Income Accelerator Plan is a dual-purpose protection and savings-based life insurance plan. Along with maturity or death benefits, this investment plan offers guaranteed income payable annually at the end of the premium payment term. With an income booster feature, your guaranteed income increases between 5% and 7% every year.
The plan offers the flexibility to choose a premium payment term for 7, 10, or 15 years (PPT) and enjoy life cover for 15, 20, or 30 years. You can even enhance your base cover with optional riders to protect against death, disability, and disease.
Kotak Assured Income Accelerator Plan is a unique life insurance plan.
Benefits of Kotak Assured Income Accelerator Plan
- Flexible premium payments
- Tax benefits
- Disability cover
- Death benefits
- Guaranteed income
- Maturity benefits
Key Features
No specific premium calculation details are provided for this plan.
How to Buy Kotak Assured Income Accelerator Plan Online?
- Visit the official website of PolicyX.com.
- Click on the ‘Investment’ tab.
- A new page will appear on the screen.
- Fill out the form at the top of the page with the necessary details.
- Select your income and city. Click on 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click on 'Buy this plan'.
- Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Policy Inclusions
No specific inclusions are detailed for this plan.
Policy Exclusions
- Suicide within 12 months of the policy purchase is not covered.
- Consumption of any intoxicants.
- Death due to any aviation accident.
- Death due to any adventurous sports.
Documents Required to Buy Kotak Assured Income Accelerator
Here is the list of documents required to buy the Kotak Assured Income Accelerator:
- Photo ID Proof
- Age Proof
- Address Proof
- Medical Records
- Income Proof
Detailed Document Requirements
Photo ID Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Any one of the following: Utility bill, passport, voter ID, ration card.
Medical Records
Medical records of the policyholder if requested.
Income Proof
Any one of the following: Bank statement, last three months' salary slips (if you are salaried).
Plan At a Glance
| What’s Good Here | What’s Missing |
|---|---|
| Flexible Premium Payment Term | Guaranteed Additions |
| Income Boosters | No High sum assured rebate |
| Guaranteed Income | No Auto cover continuance |
| Waiver of Premium Option | Cash Bonus |
| 5 Add-on Riders | Plan Options |
Conclusion
Kotak Life Assured Income Accelerator Plan is a two-in-one protection and savings-based life insurance plan. It offers guaranteed income annually at the end of the premium payment term.
For more info related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.
