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Kotak Life Premier Endowment Plan
VS
Lic Premium Endowment
| PLAN DETAILS |
Kotak Life Premier Endowment Plan |
Lic Premium 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: 70 years | Maximum Maturity Age - 75 years |
| Premium payment term | Same as the policy term | Single Premium |
| Plan Entry Age | Min entry age: 18 years Max entry age: 60 years | Minimum Age - 30 days Maximum Age - 65 years |
| Sum assured | Depends on the premium amount | 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 to 30 years or 5,7,10,15 years | 10 to 25 years |
| Claim Settlement Ratio (2023-24) | Minimum Age - 5 year | 98.5% |
Kotak Life Premier Endowment plan is a combination of a life insurance plan and a savings plan offered by Kotak Life Insurance. Life insurance offers financial protection to your loved ones in case of your unfortunate demise while the savings part helps you build wealth if you survive the policy tenure.
Kotak Life Premier endowment is a unique life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.
Kotak Life Premier Endowment Plan offers you a range of benefits including:
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