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Kotak Classic Endowment Plan
VS
Kotak Life Guaranteed Savings Plan
| PLAN DETAILS |
Kotak Classic Endowment Plan |
Kotak Life Guaranteed Savings Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum maturity age: 75 years | Maximum maturity age: 75 years |
| Premium payment term | Equal to Policy Term | 5,7,8,10 years |
| Plan Entry Age | Minimum entry age: 0 years Maximum entry age: 70 years | Minimum entry age: 3 years Maximum entry age: 60 years |
| Sum assured | NA | Based on premium age, policy term, and premium payment term |
| Premium payment frequency | Monthly, Quarterly, Half-Yearly or Annually | Monthly, Quarterly, Half- yearly, and Yearly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | 15 TO 30 Years | 10/ 14/ 15/16/20 years |
| Claim Settlement Ratio (2024-25) | Minimum Age - 5 year | Minimum Age - 5 year |
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:
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