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Kotak Life Assured Savings Plan
VS
Lic Single Premium Endowment
| PLAN DETAILS |
Kotak Life Assured Savings Plan |
Lic Single Premium Endowment |
| 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 | 5 years, 10 years | Single Premium |
| Plan Entry Age | Min entry age: 3 years Max entry age: 60 years | Minimum Age - 90 days Maximum Age - 65 years |
| Sum assured | NA | Rs 50,000 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- 10 years Maximum-25 years |
| Claim Settlement Ratio (2023-24) | Minimum Age - 5 year | 98.62 |
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:
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