Kotak Premier Income Plan
vs
Child Advantage Plan

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Kotak Premier Income Plan vs Child Advantage Plan

Kotak Premier Income Plan

Kotak Premier Income Plan is a non-linked, participating whole life insurance plan offered by Kotak Life Insurance. It provides dual benefits of saving and protection in the same policy. This investment plan offers regular, steady income right after the end of the premium paying term. In terms of ma...

Child Advantage Plan

Bharti Axa Life Child Advantage Plan helps you secure your child's future. This plan comes with maturity benefits as well as life insurance coverage. You can choose additional rider benefits with your Bharti Axa Child Advantage to enhance your coverage benefits. This article provides you with comple...

PLAN DETAILS

Kotak Premier Income Plan


Child Advantage Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed regular payout
  • Bonus benefits
  • Rider protection
  • Offers Premium Waiver Benefit
  • Choose Maturity Option
  • Choose Premium Payment Term
Plan Uniqueness
  • Rider benefit
  • Tax benefits
  • Long term cover
  • Offers you Premium Waiver Benefit
  • Choose your maturity option
  • Choose your premium payment term
Plan Maturity age Maximum maturity age: 78 years Maximum Maturity Age - 76 years
Premium payment term 8/10/12/15/19/23 years Same as the policy term
Plan Entry Age Minimum entry age: 3 years Maximum entry age: 55 years 18 years
Sum assured Depends on the premium and chosen policy term Rs 25,000 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 15,19 and 23 years Minimum term - 11 years Maximum term - 21 years
Claim Settlement Ratio (2023-24) Minimum Age - 5 year Minimum Age - 0 year

Know More About Plans

Overview

Kotak Premier Income Plan is a non-linked, participating whole life insurance plan offered by Kotak Life Insurance. It provides dual benefits of saving and protection in the same policy. This investment plan offers regular, steady income right after the end of the premium paying term. In terms of maturity benefit, this plan provides the sum of- accrued simple reversionary bonuses plus terminal bonuses. ( if declared).

Wait Wait. You can also get flexible premium payment options of yearly, half-yearly, quarterly & monthly. So, overall, the Kotak Premier Income Plan is an attractive option for those looking to secure their financial future while also planning for periodic income needs.

Kotak Premier Income 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 Premier Income Plan offers you a range of benefits including:

why-choose
  • Maturity Benefit 
  • Tax Benefits
  • Bonus benefit
  • Guaranteed Income
  • Benefits for women 
  • Rider Benefits

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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.