Kotak Guaranteed Savings Plan

Kotak Guaranteed Savings Plan is a Non-Linked Non-Participating Life Insurance Plan – a savings and protection oriented plan that provides ‘Guaranteed’ benefits. So, be rest assured and be ready for whatever comes next and enjoy your Life…

Advantages of Kotak Guaranteed Savings Plan are:

a) Limited premium payment options
b) After premium payment term, the plan will accrue Guaranteed Additions for the remaining term
c) Lump sum Guaranteed Loyalty Addition at the end of the policy term
d) Enhanced protection through optional riders

Maturity Benefits:

• At the end of the policy term, the following Guaranteed Maturity Benefit will be paid out:
  • Basic Sum Assured (PLUS)
  • Accrued Guaranteed Additions (PLUS)  
  • Guaranteed Loyalty Addition

Death Benefits:

In the unfortunate event of death during the term of the policy, the nominee will receive:

• • Sum Assured on Death (PLUS) Accrued Guaranteed Additions

The sum Assured on Death is, higher of (1), (2) and (3) below:

• • 11 times of (Annualised Premium including extra premium), if any
  • Basic Sum Assured Plus Guaranteed Loyalty Addition
  • 105% of all premiums paid including extra premium, if any till the date of death.

Basic Eligibility conditions :

• • Min. Age at Entry 3 years
  • Max. Age at Entry 60 years
  • Min. Age at Maturity 18 years
  • Max. Age at Maturity 75 years
  • Min Premium 20,000/-
  • Policy Term 14/15/16/20
  • Premium Paying Term(PPT) 7,8,10,10
  • Mode of premium payment Annual, Half-yearly, Quarterly, Monthly

Death Benefits:

• • Sum Assured + Plus Accrued Guaranteed Additions (if any), assuming all
    the premiums are paid and the policy is in
    force.

Before investing, please read the policy document at : KOTAK GUARANTEED SAVINGS PLAN

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