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Kotak Invest Maxima vs Lic Single Premium Endowment

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Kotak Invest Maxima vs Lic Single Premium Endowment

Kotak Invest Maxima

Kotak Invest Maxima, offered by Kotak Life Insurance, is a life insurance-cum-investment plan designed to provide financial security for your family and grow your wealth over time. This plan offers the flexibility to manage your funds independently or have them managed by financial experts. The Kota...

Lic Single Premium Endowment

It is a traditional endowment plan offering death and maturity benefits to the policyholder, along with a bonus facility. The premium is paid as a lump sum at the start of the policy. This plan serves both investment and protection purposes, securing your family in case of an untimely demise. It off...

PLAN DETAILS

Kotak Invest Maxima


Lic Single Premium Endowment

Premium Including GST
Key Features
(Key features of the plan)
  • Zero Premium Allocation Charges
  • Flexible Premium Pay
  • Partial Withdrawals
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Flexible Premium Pay
  • Survival Benefits
  • Tax Benefits
  • Death Benefits
  • Maturity Benefits
  • Policy Loan
Plan Maturity age Maximum maturity age: 75 years Maximum Maturity Age - 75 years
Premium payment term Same as the policy term Single Premium
Plan Entry Age Min entry age: 0 years. Max entry age: 65 years. Minimum Age - 90 days, Maximum Age - 65 years
Sum assured 5, 10 and 7 times of Annual premium Rs 50,000 to No limit
Premium payment frequency Monthly, Half-yearly, and Yearly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 10,15,20,25 and 30 years Minimum - 10 years, Maximum - 25 years
Claim Settlement Ratio (2024-25) Minimum Age - 5 year 98.5%

Know More About Plans

Kotak Invest Maxima, offered by Kotak Life Insurance, is a life insurance-cum-investment plan designed to provide financial security for your family and grow your wealth over time. This plan offers the flexibility to manage your funds independently or have them managed by financial experts.

The Kotak Invest Maxima Plan offers a range of benefits, including:

  • Guaranteed Maturity
  • Tax Benefits
  • Flexibility
  • Death Benefit
  • Bonuses
  • Additional Riders

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