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Kotak Life Guaranteed Savings Plan
VS
Lic New Endowment
| PLAN DETAILS |
Kotak Life Guaranteed Savings Plan |
Lic New 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 | 5,7,8,10 years | Same as policy term |
| Plan Entry Age | Minimum entry age: 3 years Maximum entry age: 60 years | Minimum Age - 8 years Maximum Age - 55 years |
| Sum assured | Based on premium age, policy term, and premium payment term | Rs 1 lakh to No limit |
| Premium payment frequency | Monthly, Quarterly, Half- yearly, and Yearly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | 10/ 14/ 15/16/20 years | Minimum term - 12 years Maximum term - 35 years |
| Claim Settlement Ratio (2024-25) | Minimum Age - 5 year | 98.5% |
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LIC Endowment Assurance Policy Explained | Best LIC Plan for Savings & Insurance |
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Kotak Life Guaranteed Savings Plan combines a guaranteed savings plan and a life insurance plan. In case of your uncertain demise, your loved ones will get death benefits, and if you outlive the policy tenure you will be paid maturity amount along with applicable additions.
You can also choose from multiple rider benefits to enhance the coverage of your base plan. This article will provide you with complete information about Guaranteed Savings Plan Kotak including its features, benefits, eligibility criteria, and available buying options.
Kotak Guaranteed Savings Plan is a unique life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.
Kotak Guaranteed Savings Plan offers you a range of benefits including:
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