Kotak Premier Income Plan
vs
Lic Pradhan Mantri
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Kotak Premier Income Plan |
 Lic Pradhan Mantri |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Uniqueness |
|
|
| Plan Maturity age | Maximum maturity age: 78 years | Maximum Maturity Age - Whole life |
| Premium payment term | 8/10/12/15/19/23 years | Depends on the policy tenure |
| Plan Entry Age | Minimum entry age: 3 years Maximum entry age: 55 years | Minimum Age - 60 years Maximum Age - No limit |
| Sum assured | Depends on the premium and chosen policy term | N/A |
| 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 | 10 years |
| Claim Settlement Ratio (2023-24) | Minimum Age - 5 year | 98.62 |
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:
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