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Kotak Invest Maxima vs Lic

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Kotak Invest Maxima vs Lic

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 ...

Lic

Jeevan Akshay- VII (Table No. 857) is a single premium, non-linked, and non-participating immediate annuity plan. It pays annuity or pension to the policyholder on annuity age. The annuity plan also allows joint life cover. The plan provides annuity payments of a stated amount throughout the lifetim...

PLAN DETAILS

Kotak Invest Maxima


Lic

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
  • Annuity Options
  • Loan Facility
  • Guaranteed Annuity Rates
Plan Maturity age Maximum maturity age: 75 years Maximum Maturity Age - Whole life
Premium payment term Same as the policy term -
Plan Entry Age Min entry age: 0 years Max entry age: 65 years Minimum Age - 25 years Maximum Age - 100 years
Sum assured 5, 10 and 7 times of Annual premium Rs 1 lakhs 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 term - 5 years Maximum term - Whole life
Claim Settlement Ratio (2024-25) Minimum Age - 5 year 98.5%

Know More About Plans

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

Kotak Invest Maxima Plan offers you a range of benefits including:

why-choose
  • Guaranteed Maturity
  • Tax Benefits
  • Flexibility
  • Death Benefit
  • Bonuses
  • Additional riders

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