Kotak Premier Income Plan
vs
Lic Premium Endowment

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:

• Maturity Benefit 
• Tax Benefits
• Bonus benefit

• Guaranteed Income
• Benefits for women 
• Rider Benefits

This plan has double roles to play. Firstly, this plan is applicable for safeguarding a family after the untimely death of the policyholder. Secondly, after maturity, it provides a handsome amount of money to the policyholder. After the end of each year, this policy has to offer a bonus amount which will be added to the main amount.

The name itself suggests that this plan is a limited-period offer. The meaning is the premiums that need to be paid are limited. After the end of certain years, the policyholder doesn't need to pay them anymore. This is one of the most attractive features of this plan. For example, if this policy is going to mature after 12 years then the policyholder has to pay premiums for at least 8 years. After that time period, they don't have to bear the payments. The amount of the actual policy will be paid fully if the policyholder dies unnaturally before maturity and also if it matures naturally.

LIC Premium Endowment Plan offers you a range of benefits including:

• Death Benefits
• Maturity Benefits
• High Sum Assured Rebates

• Profit Participation
• Bonuses