Kotak Life Assured Savings Plan
vs
Lic Jeevan Lakshya

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Kotak Life Assured Savings Plan vs Lic Jeevan Lakshya

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 ...

Lic Jeevan Lakshya

For the financial security of children and families, the LIC Jeevan Lakshya Plan (Plan No: 933) is the most suitable one. It is a collection of savings plus it covers the risk factor. It is a limited premium paying plan that is not at all linked and classified With-Profits Endowment Assurance plan. ...

PLAN DETAILS

Kotak Life Assured Savings Plan


Lic Jeevan Lakshya

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed maturity amount
  • Increasing life cover
  • Policy loan available
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Policy loan
  • Tax benefits
  • Deah benefit
  • Death Benefits
  • Maturity Benefits
  • Participation in profits
Plan Maturity age Maximum maturity age: 75 years Maximum Maturity Age - 65 years
Premium payment term 5 years, 10 years Policy term minus 3 years
Plan Entry Age Min entry age: 3 years Max entry age: 60 years Minimum Age - 18 years Maximum Age - 50 years
Sum assured NA Rs 1 lakh to No limit
Premium payment frequency Yearly, Half-yearly, Quarterly, Monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure Min: 10 years Max: 20 years Minimum term - 13 years Maximum term - 25 years
Claim Settlement Ratio (2023-24) Minimum Age - 5 year 98.62

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.