Kotak Life Assured Income Accelerator Investment Plan | PolicyX
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Kotak Assured Income Accelerator

Kotak Assured Income Accelerator is a ULIP (Unit Linked Insurance Plan ...Read More

🛡️ IRDAI Approved
⭐ 4.6/5 · 918 reviews
📊 Maturity Age- 75 solvency ratio
✅ Minimum Age - 5 year% claim settlement ratio
🌐 Annual, half-yearly,+ pan-India

About Kotak Assured Income Accelerator

A quick read on what this Kotak Investment Plans term plan covers and why it might be a fit for you.

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.

Kotak Assured Income Accelerator Plan offers you a range of benefits including:

  • Flexible premium payments
  • Tax Benefits
  • Disability cover
  • Death benefits
  • Guaranteed Income
  • Maturity benefits

Eligibility Criteria for Kotak Assured Income Accelerator

Entry age
Entry age
Minimum entry age: 0 years Maximum entry age: 60 years
Maturity age
Maturity age
Maximum maturity age: 99 years
Policy tenure
Policy tenure
15,20,30 years
Premium payment term
Premium payment term
7,10,12 years
Premium payment frequency
Premium payment frequency
Limited only
Sum assured
Sum assured
10 times of annual premium

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Discontinuance
  • Tax benefits
  • Policy revival

Cons

  • No coverage for pre-existing conditions
  • Suicidal exclusion
  • Aviation accident

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum 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
No specific waiting period information is provided for this plan.

Benefits of Kotak Assured Income Accelerator

No specific premium calculation details are provided for this plan.

Features of Kotak Assured Income Accelerator

Key features that make Kotak Assured Income Accelerator stand out.

Policy portability details are not available for this plan.

Documents Required for Kotak Assured Income Accelerator

Keep these documents handy when applying for Kotak Assured Income Accelerator.

Photo ID Proof

Photo ID Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving license.

Age Proof

Age Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving license.

Address Proof

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

Income Proof (any one of the following) - bank statement, last three months' salary slips (if you are salaried).

Exclusions of Kotak Assured Income Accelerator Plan

  • 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.

Other Features of Kotak Assured Income Accelerator

Here are the key features of the Kotak Assured Income Accelerator.

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.

Life Insurance Articles

Kotak Assured Income Accelerator Plan: FAQs

The 5 most-asked questions about Kotak Assured Income Accelerator, answered.

Yes, you can surrender your Kotak Assured Income Accelerator plan once your policy acquires a surrender value.
Kotak Life Assured Income Accelerator Plan is a dual-purpose protection and savings-based life insurance plan that offers guaranteed income.
At the end of the premium payment term, the Guaranteed Income is payable during the Payout Period.
Income booster increases your guaranteed income each year, depending on the premium amount and premium-paying term you choose.
Kotak Life Insurance claims Settlement Ratio for FY 2022-23 is 98.82%, calculated based on claims settled over total claims for the financial year.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Sahil Singh Kathait — Health & Term Insurance Reviewed by Anchita Bhattacharyya — Health, Term & Life Insurance
Last updated: 6 Feb 2025 · Originally published: 6 Feb 2025

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