Icici Prudential Savings Suraksha vs Kotak Single Invest Plus Plan

‘ A combination of savings and protection plan’.

ICICI Pru Savings Suraksha is a financial plan that helps you save for future financial goals and provides a financial net to safeguard your loved ones in your absence. It is an ideal choice if you want to collect a lump sum to fulfill your financial goals and protect your family members even in your absence.

This plan offers you numerous benefits including guaranteed additions, terminal and revisionary bonuses if declared, death benefits, surrender benefits, maturity benefits on survival, etc. This investment plan offers you two options to pay premiums- limited pay (5,7,10 or 12 years) and regular pay (for 10 to 30 years). You can also get a loan on your policy if you have paid regular premiums for a minimum of two years. The sum assured paid on the uncertain demise of the policyholder usually ranges from 7 to 10 times the annual premiums paid.

ICICI Pru Savings Suraksha is a versatile savings plan life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.

ICICI Savings Suraksha Plan offers you a range of benefits including:

• Guaranteed Benefits
• Tax Benefits
• Flexibility

• Multiple payment options
• Policy revival 
• Surrender value 

Invest once or get benefits for life with the Kotak Single Invest Plus Plan Kotak Single Invest Plus Plan is a single-pay unit-linked insurance plan that offers dual benefits: protection and savings. You make a one-time premium payment and enjoy the benefits throughout the policy term while staying protected with life coverage. The Kotak Single Invest plan helps you stay invested and generate wealth through the unit-linked funds and the loyalty additions provided by the company. This investment plan offers easy liquidity and numerous fund options to choose from, which sets this plan apart from others. With Joint Life Cover features, you can add your spouse and get life coverage for two people under a single plan. You can withdraw money wholly or partially after the five-year lock-in period.

Kotak Life Insurance Single Invest Plus Plan offers you a range of benefits including:

• Makes a single premium payment and gets the benefits of long-term coverage.
• The Joint Life cover feature offers coverage for both the husband and the wife under a single policy.
• Get the advantage of Loyalty Additions.

• Convenience of choosing your investment funds as per your Risk Profile.
• Pay the premium once and enjoy life coverage throughout the policy term.
• At maturity, fund value, with added loyalty additions, will be payable along with the last payout.