Kotak Classic Endowment Plan
vs
Aviva Life I Growth

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  • Multiple sum assured options
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Kotak Classic Endowment Plan vs Aviva Life I Growth

Kotak Classic Endowment Plan

Kotak Classic Endowment Plan is a long-term protection cum savings plan that helps you grow your money. It is a participating endowment plan that offers protection benefits up to the age of 75 years. The plan offers a special premium discount for a high sum assured on maturity i.e. for Rs. 5 lakhs &...

Aviva Life I Growth

Aviva Life i-Growth is an individual unit-linked insurance plan that offers dual benefits: protection and savings. You can choose to pay for this plan either monthly or yearly, and you'll still get all the benefits for the entire policy term. With an i-Growth plan, you don't have to go through any m...

PLAN DETAILS

Kotak Classic Endowment Plan


Aviva Life I Growth

Premium Including GST
Key Features
(Key features of the plan)
  • Cover up to 75 Years
  • Special Premium Discount
  • Additional Bonuses
  • Choice of Fund Options
  • Loyalty Additions
  • In-built Accidental Death Benefit
Plan Uniqueness
  • Maturity benefit
  • Tax benefits
  • Additional riders
  • Choice of Fund Options
  • Loyalty Additions
  • In-Built Accidental Death Benefit
Plan Maturity age Maximum maturity age: 75 years Maximum Maturity Age - 60 years
Premium payment term Equal to Policy Term Subjected to policy term
Plan Entry Age Minimum entry age: 0 years Maximum entry age: 70 years Minimum Age - 18 year Maximum Age - 50 years
Sum assured NA Rs 50 lakhs
Premium payment frequency Monthly, Quarterly, Half-Yearly or Annually Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 15 TO 30 Years Minimum term - 10 years Maximum term - 20 years
Claim Settlement Ratio (2023-24) Minimum Age - 5 year Minimum Age - 0 year

Know More About Plans

Overview

Kotak Classic Endowment Plan is a long-term protection cum savings plan that helps you grow your money. It is a participating endowment plan that offers protection benefits up to the age of 75 years. The plan offers a special premium discount for a high sum assured on maturity i.e. for Rs. 5 lakhs & above.

With Kotak Life Classic Endowment Plan, you'll receive a yearly cash bonus at the end of each financial year, if any is declared. The plan even allows you to get additional protection against death, disability, or disease by adding optional riders to your base policy. You also have the flexibility to choose from a different range of PPT (Premium payment term) or PT (Policy term) options based on your suitability.

Kotak Life Classic Endowment Plan is a unique life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.

Kotak Life Classic Endowment Plan offers you a range of benefits including:

why-choose
  • Maturity Benefit 
  • Tax Benefits
  • Premium Discounts
  • Flexibility
  • Rider Benefits 
  • Cash Bonuses

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.