Kotak Life Premier Money Back vs Lic Bima Bachat

Kotak Premier Money Back Plan is a savings cum protection plan by Kotak Life Insurance. It provides a regular payout as a percentage of the Basic Sum Assured at specific intervals during the policy term. With the Kotak Money Back plan, you can grow your savings with yearly bonuses and a lump-sum maturity addition. 

The plan provides an in-built accidental death benefit, setting its life protection feature apart from others. Under this plan, you can stay protected against risk with additional financial support by selecting from a wide range of add-on riders.

Kotak Premier Money Back is a unique life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.

Kotak Premier Money Back Plan offers you a range of benefits including:

• Rider Benefit 
• Tax Benefits
• Regular Payouts 

• Maturity Addition
• Discounts for high SI 
• Cash Bonuses

Ever come across a large pile of banknotes? You know, by winning the lottery or hitting the jackpot at your favorite casino? Your first instinct must have been to buy a Porsche (that can’t really show its true skills owing to the Indian roads and the traffic) or to buy a house that could, possibly, contest for winning the show – MTV Cribs.

But, instead of dwelling on utopia, wouldn’t it be more prudent to consider your immediate surroundings? For example, your mother who loves to have you around just to start a bit of friendly banter, or your younger brother who aspires to get into Yale but spends his weekends watching Gossip Girl.

Feeling a little less reckless, aren’t we? The new LIC Bima Bachat Plan (Plan No: 916) is for all those people who would prefer security over spending. It is a single premium participating endowment policy, that is, it is the traditional cash-back plan with scheduled payments coupled with the return of the entire premium in addition to loyalty points given at the completion of the policy tenure.

LIC Bima Bachat Plan offers you a range of benefits including:

• Death Benefits
• Maturity Benefits
• Loyalty Additions

• Single Premium Plan
• High Sum Assured Rebate