Kotak Guaranteed Savings Plan

Overview

The Kotak Life Guaranteed Savings Plan combines a guaranteed savings plan and a life insurance plan. In case of your unfortunate demise, your loved ones will receive death benefits. If you outlive the policy tenure, you will be paid the maturity amount along with applicable additions.

You can also choose from multiple rider benefits to enhance the coverage of your base plan. This article provides complete information about the Kotak Guaranteed Savings Plan, including its features, benefits, eligibility criteria, and available buying options.

The Kotak Guaranteed Savings Plan is a unique life insurance plan.

Benefits Offered by Kotak Guaranteed Savings Plan

• Policy loan
• Tax benefits
• Death benefit
• Waiting period
• Flexible payment terms
• Maturity benefits

Key Features

Benefits of Kotak Guaranteed Savings Insurance

There are various benefits to buying the Kotak Guaranteed Savings Insurance Plan. Let’s understand each of them in detail:

• Limited Premium Payment Options

  There are only limited premium payment options available under this plan, helping policyholders to avoid any confusion. These premium payment options are 5, 7, 8, and 10 Pay.

• Guaranteed Additions

  Once your premium payment tenure ends, guaranteed additions are provided from the next policy year until the last policy year. The guaranteed additions are a specific percentage value of your annual premiums.

• Guaranteed Loyalty Additions

  Guaranteed loyalty additions are paid to the policyholder at the maturity date along with maturity benefits. These benefits are paid to policyholders for staying invested.

• Death Benefits

  In case of the policyholder’s uncertain demise, their nominees are paid death benefits. These benefits help them to live a comfortable life.

• Maturity Benefits

  If the policyholder surpasses their policy tenure, then maturity benefits are paid to them on the maturity date along with all the guaranteed benefits.

• Waiting Period

  This plan offers a 90-day waiting period to its policyholders from the date of policy purchase. In case of the policyholder’s demise during the waiting period, only premiums paid are returned to the nominee. Death benefits are paid to their nominee only if the cause of death is an accident.

How to Buy Kotak Guaranteed Savings Plan Online via PolicyX.com

1. Visit the official website of PolicyX.com.
2. Click on the ‘Investment’ tab.
3. A new page will appear on the screen.
4. Fill out the form at the top of the page with the necessary details.
5. Select your income and city. Click on 'Proceed'.
6. Update your education and occupation details.
7. Choose your preferred plan and click on 'Buy this plan'.
8. Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

How to Buy Kotak Guaranteed Savings Plan from Kotak Life Insurance Website

1. Visit the official website of Kotak Life Insurance.
2. Hover over the 'Investment Plans' from the top of the menu.
3. Click on the 'Kotak Guaranteed Savings' plan.
4. Click on ‘Buy Now’ and you will be redirected to a new page.
5. Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
6. Once discussed, you can make the premium payment and get the policy documents.

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 Guaranteed Savings Insurance

Here is the list of documents required to buy the Kotak Guaranteed Savings Insurance:

• Photo ID Proof

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

• Age Proof

  Age Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.

• Address Proof

  Address Proof (either of one) - Utility bill, passport, voter ID, ration card.

• Medical Records

  Medical Records of the policyholder if requested.

• Income Proof

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

Conclusion

The Kotak Guaranteed Savings Plan offers dual benefits: financial protection for your family in case of your unfortunate demise and guaranteed maturity benefits to fulfill financial requirements. This plan offers guaranteed additions and loyalty additions. You can also choose from multiple riders to enhance your coverage.

For more information 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.