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Saving Advantage Plan vs Kotak Life Assured Savings Plan

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Saving Advantage Plan vs Kotak Life Assured Savings Plan

Saving Advantage Plan

Save More, Live Better with Axis Max Life Savings Advantage Plan. Whether aiming for a new car or your daughter's dream wedding, savings alone may not be enough; you need to grow your money to reach your future goals. That's why Axis Max Life launched the Axis Max Life Savings Advantage Plan. It hel...

Kotak Life Assured Savings Plan

Kotak Life Assured Savings is a non-participating endowment assurance plan. This investment plan is designed to provide dual benefits of protection along with wealth creation to the life insured. It offers a limited premium payment option of 5 to 10 years, and you can purchase this plan for a policy...

PLAN DETAILS

Saving Advantage Plan


Kotak Life Assured Savings Plan

Premium Including GST
Key Features
(Key features of the plan)
  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus
  • Guaranteed maturity amount
  • Increasing life cover
  • Policy loan available
Plan Uniqueness
  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus
  • Policy loan
  • Tax benefits
  • Death benefit
Plan Maturity age Maximum Maturity Age - 80 years Maximum maturity age: 75 years
Premium payment term 5,12 years 5 years, 10 years
Plan Entry Age Minimum Age: 91 days, Maximum Age: 65 years Min entry age: 3 years Max entry age: 60 years
Sum assured No limit NA
Premium payment frequency Annual, half-yearly, quarterly & monthly Yearly, Half-yearly, Quarterly, Monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure Minimum Term: 10 years, Maximum Term: 30 years Min: 10 years Max: 20 years
Claim Settlement Ratio (2024-25) Minimum Age - 5 year Minimum Age - 5 year

Know More About Plans

Save More, Live Better with Axis Max Life Savings Advantage Plan.

Whether aiming for a new car or your daughter's dream wedding, savings alone may not be enough; you need to grow your money to reach your future goals. That's why Axis Max Life launched the Axis Max Life Savings Advantage Plan. It helps you grow your savings to build wealth and achieve your future goals while providing life coverage against unfortunate death.

Apart from the lump sum death or maturity benefit payout, this plan offers 5.5% Guaranteed Additions at the end of each policy year for the first 5 policy years to boost your sum assured amount.

The life insurance plan also offers flexibility to select payout options, such as lump sum or monthly income. In the event of the insured person's unfortunate death during the policy term, the nominee will receive a sum comprising the guaranteed death benefit, guaranteed additions (if any), and Terminal Bonus (if any).

Key benefits include:

  • Flexibility to choose premium payment terms
  • Guaranteed additions
  • Flexible policy tenure
  • Cash bonuses

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