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Kotak Life Guaranteed Savings Plan vs Smart Life Plan

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Kotak Life Guaranteed Savings Plan vs Smart Life Plan

Kotak Life Guaranteed Savings Plan

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 ...

Smart Life Plan

Kotak SmartLife is a non-linked, participating life insurance plan. It provides an option to get cash bonus payouts from the end of the 1st policy year to look after immediate financial needs. Policyholders can use such bonuses to take care of their families in their absence. Kotak SmartLife Pl...

PLAN DETAILS

Kotak Life Guaranteed Savings Plan


Smart Life Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed loyalty additions
  • Limited premium payment options
  • Waiting period
  • Explore All about Kotak SmartLife Insurance
  • Understand the Key Features & Benefits
  • Check Eligibility Criteria
Plan Uniqueness
  • Loyalty additions
  • Tax benefits
  • Policy loan
  • Comprehensive Protection
  • Survival Benefit
  • Maturity benefit
Plan Maturity age Maximum maturity age: 75 years Maximum Maturity Age - 75 years
Premium payment term 5,7,8,10 years 6, 8, 10, 12, and 15 years
Plan Entry Age Minimum entry age: 3 years Maximum entry age: 60 years Minimum Age - 3 years Maximum Age - 55 years
Sum assured Based on premium age, policy term, and premium payment term Rs. 2,50,000 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 75 years less entry age of life insured
Claim Settlement Ratio (2023-24) Minimum Age - 5 year Minimum Age - 5 year

Know More About Plans

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:

why-choose
  • Policy loan
  • Tax Benefits
  • Death benefit
  • Waiting period 
  • Flexible payment terms 
  • Maturity benefits 

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