Kotak Life Assured Savings Plan
vs
Canara Hsbc Money Back Advantage Plan

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Kotak Life Assured Savings Plan vs Canara Hsbc Money Back Advantage Plan

Kotak Life Assured Savings Plan

Kotak Life Assured Savings is a non-participating endowment assurance plan. This investment plan is designed to provide dual benefits of protection along with wealth creation to the life insured. With a limited premium payment option of 5 to 10 years. You can purchase this plan for a policy term of ...

Canara Hsbc Money Back Advantage Plan

Canara HSBC Money Back Advantage Plan is an individual non-linked linked life insurance cum saving plan. It offers comprehensive benefits of saving and protection in the same plan. This investment plan provides three Guaranteed Money Back at the end of the 5th, 9th, and 13th policy year. It also off...

PLAN DETAILS

Kotak Life Assured Savings Plan


Canara Hsbc Money Back Advantage Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed maturity amount
  • Increasing life cover
  • Policy loan available
  • 3 Guaranteed money back
  • Policy term for 16 years
  • Limited premium paying term
Plan Uniqueness
  • Policy loan
  • Tax benefits
  • Deah benefit
  • Family protection
  • Limited premium paying term
  • Guaranteed sum assured on maturity
Plan Maturity age Maximum maturity age: 75 years 71 year
Premium payment term 5 years, 10 years 10 year
Plan Entry Age Min entry age: 3 years Max entry age: 60 years Minimum- 8 years, Maximum- 55 years
Sum assured NA Minimum- 1 Lac, Maximum- No Limit
Premium payment frequency Yearly, Half-yearly, Quarterly, Monthly Quarterly, Half yearly, Annually
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure Min: 10 years Max: 20 years 16 years
Claim Settlement Ratio (2023-24) Minimum Age - 5 year Minimum Age - 0 year

Know More About Plans

Overview

Kotak Life Assured Savings is a non-participating endowment assurance plan. This investment plan is designed to provide dual benefits of protection along with wealth creation to the life insured. With a limited premium payment option of 5 to 10 years. You can purchase this plan for a policy term of 10 to 20 years.

Kotak Life Assured Savings 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 Assured Savings Plan offers you a range of benefits including:

why-choose
  • Guaranteed Maturity
  • Tax Benefits
  • Flexibility
  • Increasing Life Cover
  • Death Benefit
  • Additional riders

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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.