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Income Assure Plan vs Kotak Invest Maxima

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Income Assure Plan vs Kotak Invest Maxima

Income Assure Plan

Bajaj Life Income Assure Plan by Bajaj Life Insurance is a participating savings plan offering guaranteed regular monthly income and assured life cover. The investment plan allows you to increase base cover with optional riders to protect against death, disability, and disease. Under this plan, you'...

Kotak Invest Maxima

Kotak Invest Maxima plan offered by Kotak Life Insurance is a life insurance cum investment plan that covers your family financially in your absence and helps you grow your money over time. This plan allows you to manage your funds on your own or get them handled by the experts. Kotak Invest Maxima ...

PLAN DETAILS

Income Assure Plan


Kotak Invest Maxima

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate
  • Zero premium allocation charges
  • Flexible premium pay
  • Partial withdrawals
Plan Uniqueness
  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate
  • Flexible premium pay
  • Survival benefits
  • Tax benefits
Plan Maturity age Maximum Maturity Age - 74 years Maximum maturity age: 75 years
Premium payment term 5 to 12 years Same as the policy term
Plan Entry Age Minimum Age - 0 years Maximum Age - 50 years Min entry age: 0 years Max entry age: 65 years
Sum assured No limit 5, 10 and 7 times of Annual premium
Premium payment frequency Annual, half-yearly, quarterly & monthly Monthly, Half-yearly, and Yearly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 17 to 24 years 10,15,20,25 and 30 years
Claim Settlement Ratio (2024-25) Minimum Age - 5 year Minimum Age - 5 year

Know More About Plans

Bajaj Life Income Assure Plan by Bajaj Life Insurance is a participating savings plan offering guaranteed regular monthly income and assured life cover. The investment plan allows you to increase base cover with optional riders to protect against death, disability, and disease.

Under this plan, you'll even get a high sum assured rebate on an annual premium for each complete additional Rs. 1,000 sum assured purchased. With Bajaj Life Income Assure, you'll receive a yearly cash bonus at the end of each financial year, if any is declared.

Bajaj Life Income Assure Plan offers you a range of benefits including:

why-choose
  • Choice of 2 life cover variants
  • Flexibility to choose premium payment term
  • Special premium rates for women
  • High sum assured rebate
  • Choice of rider options

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