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Kotak Life Investment Plans

With over 20 million as a customer base, Kotak Life Insurance is one of the leading insurance companies in India. Kotak Life offers a host of life insurance products, services, advice, and sustainable value and ensures that the customers receive excellent solutions to meet their financial needs. Their mission is to bring assurance to people's lives and to become the best life insurance company of India.

Types of Investment Plans offered by Kotak Life

There are multiple investment plans offered by Kotak Life, mentioned below are the savings plans. Note: All information regarding Product Benefits and Eligibility Details has been sourced from the official website of Kotak Life Insurance.

Kotak Gramin Bima Yojana

This is a single premium guaranteed returns plan which provides benefits on maturity along with protection.

Product Benefits

  • This policy does not require any medical test or certificate.
  • Guaranteed Payout on Maturity or Death of life insured.

Eligibility Details

Age at Entry
  • Minimum: 18 years | Maximum: 45 years
  • Maximum Age: 60 years
Policy Term15 years - Fixed
Premium Payment FrequencySingle
Premium
  • Minimum: Rs. 1,500
  • Maximum: Rs. 20,000
Sum Assured
  • Levels for Sum Assured on Death: Min: Rs. 7,500 | Max: Rs. 1,00,000
  • Levels for Sum Assured on Maturity: Min: Rs. 3,000 | Max: Rs. 40,000

Kotak Sampoorn Bima Micro-Insurance Plan

This is a single premium plan with a fixed term of 5 years designed specifically to help low income customers meet their financial needs.

Product Benefits

  • Single premium payment of ₹200/-
  • Guaranteed Payout on Maturity or Death of life insured.
  • This policy does not require any medical test or certificate.

Eligibility Details

Age at Entry
  • Minimum: 18 years | Maximum: 55 years
  • Maturity age: 60 years
Policy Term5 years - Fixed
Premium Payment FrequencySingle
Premium ₹ 200/-
Sum Assured₹ 5000

Kotak Classic Endowment Plan

This is a long term participating protection cum savings plan which offers protection along with bonuses over the policy tenure.

Product Benefits

  • Provides protection up to 75 years.
  • Entitled to annual bonus, if any from 1st year itself.
  • Flexibility to select premiums and policy term.
  • Wide range of rider options available.
  • You are entitled to tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

Eligibility Details

Age at EntryEntry age: - Regular pay: Minimum: 0 years | Maximum: 55 years - Limited pay: Minimum: 0 years | Maximum: 60 years (except for PT/PPT combination of 15/7 years) - PT/PPT combination of 15/7 years: Minimum: 0 years | Maximum: 58 years Maturity Age: Minimum: 18 years | Maximum: 75 years
Policy Term15-30 years
Premium Payment Frequency
  • Premium Payment Term (PPT): Regular Pay: Equal to Policy Term
  • Limited Pay: 7 years for policy term 15 years | Policy term less 5 years
  • Premium Payment Option: Regular and Limited only
  • Premium Payment Mode: Yearly, Half yearly, Quarterly, Monthly
Premium Minimum:
  • Regular Pay: 7,000
  • Limited Pay: 7,000 (except for PT/PPT combination of 15/7 years)
  • PT/PPT combination of 15/7 years: 12,000
Maximum: No limit, subject to underwriting
Sum AssuredCalculated on the basis of minimum premium amount, entry age, policy term and PPT.

Kotak Premier Endowment Plan

This is a participating endowment plan which comes with Guaranteed Additions in the first 5 policy years.

Product Benefits

  • Guaranteed Additions in the first 5 policy years
  • Entitled to bonus post 6th policy year.
  • Flexibility to select premium and premium payment term.
  • Option to select 7 different rider add-ons.

Eligibility Details

Age at Entry
  • Entry age: Minimum: 18 years | Maximum: 60 years
  • Maturity age: Maximum: 70 years
Policy TermRegular Pay: 10-30 years Limited Pay: 5 Pay: 10 to 30 years | 7 Pay & 10 Pay: 15 to 30 years | 15 Pay: 20 to 30 years
Premium Payment Frequency
  • Premium Payment Term (PPT): Regular Pay: Equal to Policy Term | Limited Pay: 5,7,10 & 15 years
  • Premium Payment Mode: Yearly, Half yearly, Quarterly, Monthly
Premium Minimum: Regular Pay: Rs. 8,000 Limited Pay: Rs.15,000
Sum AssuredCalculated on the basis of minimum premium amount, entry age, policy term and PPT.

Kotak Assured Income Plan

This is a life insurance plan which guarantees you an additional income every year for fixed 15 years, along with life cover for you and your family.

Product Benefits

  • You will get protection for a fixed term of 30 years.
  • A lump sum benefit as a % of Basic Sum Assured will be given upon maturity.
  • Option to select from 4 different rider add-ons.

Eligibility Details

Age at Entry
  • Entry age: Minimum: 0 years | Maximum: 60 years
  • Maturity age: Max: 90 years
Policy Term30 years
Premium Payment Frequency
  • Premium Payment Term (PPT): 10 years
  • Premium Payment Mode: Yearly, Half yearly, Quarterly, Monthly
Premium Minimum: Rs. 15,000 p.a. | Maximum: No limit
Sum Assured10 times of Annual Premium

Kotak Assured Income Accelerator

Under this plan, you get Guaranteed Income every year on the same amount of savings.

Product Benefits

  • You will receive income boosters from 5%-7% annually.
  • Higher guaranteed income with higher annual premium.
  • Guaranteed Death and Maturity Benefit.
  • You are entitled to tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

Eligibility Details

Age at Entry
  • Minimum: 0 years
  • Maximum: 7 PPT – 60 years | 10 PPT – 60 years | 15 PPT – 55 years
Maturity Age:
  • Minimum: 18 years
  • Maximum: 85 years
  • Policy Term (PPT)7 pay: 15 years | 10 pay: 20 years | 15 pay: 30 years
    Premium Payment FrequencyYearly, Half yearly, Quarterly, Monthly
    Premium Minimum: 15,000 Maximum: No limit, subject to underwriting
    Sum Assured10 times of annual premium In case of non-annual mode, the installment premium will be divided by modal factor to arrive at annual premium.

    Kotak Premier Income Plan

    This is a savings cum protection plan which provides Guaranteed Annual Income immediately after the premium payment term.

    Product Benefits

    • Enhanced Sum Assured Rates for women and higher premiums.
    • Entitled to bonuses throughout the policy term.
    • Wide range of rider add-ons are available.

    Eligibility Details

    Age at Entry
    • Entry age: Minimum: 18 years | Maximum: 60 years
    • Maturity age: Maximum: 70 years
    Policy TermRegular Pay: 10-30 years Limited Pay: 5 Pay: 10 to 30 years | 7 Pay & 10 Pay: 15 to 30 years | 15 Pay: 20 to 30 years
    Premium Payment Frequency
    • Premium Payment Term (PPT): Regular Pay: Equal to Policy Term | Limited Pay: 5,7,10 & 15 years
    • Premium Payment Mode: Yearly, Half yearly, Quarterly, Monthly
    Premium Minimum: Regular Pay: Rs. 8,000 Limited Pay: Rs.15,000
    Sum AssuredCalculated on the basis of minimum premium amount, entry age, policy term and PPT.

    Kotak Guaranteed Savings Plan

    This is a non-linked non-participating life insurance plan which comes with Guaranteed Additions.

    Product Benefits

    • You will receive Guaranteed Additions and Guaranteed Loyalty Addition.
    • Limited premium payment option.

    Eligibility Details

    Age at EntryMin: 3 years Max: 60 years Maximum Maturity Age: Min: 18 years Max: 75 years
    Policy Term (PPT)14 years / 15 years / 16 years / 20 years - Fixed PPT - Limited
    Premium Payment FrequencyYearly, Half yearly, Quarterly, Monthly
    Premium Min: Rs. 20,000 p.a. Max: No Limits, subject to Underwriting acceptance
    Sum AssuredCalculated on the basis of Premium, Age, PPT & Policy Term.

    Kotak Smart Life Plan

    This is a limited pay non-linked participating life insurance plan which comes with cash bonus payouts on an annual basis.

    Product Benefits

    • You will receive protection till the age of 75 years.
    • Flexibility to select bonus options - Cash Payout or Paid-Up Addition.
    • Avail chosen Bonus option from 1st policy year onwards.
    • Additional rider options can be availed at the cost of increased premium.

    Eligibility Details

    Age at EntryMinimum:
    • 3 years
    Maximum:
    • 50 years – 6 & 15 pay
    • 55 years – 8& 10 pay
    • 54 years – 12 pay
    Maximum Maturity Age: 75 years
    Policy Term (PPT)75 years less Entry Age of Life Insured
    Premium Payment Term6, 8, 10, 12 and 15 years
    Premium Payment FrequencyYearly, Half yearly, Quarterly, Monthly
    Premium Minimum:
    • 6 Pay : Rs. 40,120
    • 8 Pay : Rs. 30,955
    • 10 Pay : Rs. 26,175
    • 12 Pay : Rs. 22,778
    • 15 Pay : Rs. 19,505
    Maximum: No Limits, subject to Underwriting acceptance

    Kotak POS Bachat Bima

    This is a non-participating non-linked insurance plan which provides guaranteed benefits along with life insurance cover.

    Product Benefits

    • Comes in two options - Life & Life Plus.
    • You get double protection cover on accidental death under Life Plus.
    • Guaranteed Yearly Additions and Guaranteed Loyalty Additions.

    Eligibility Details

    Age at Entry● Minimum: 12 years ● Maximum: 45 years
    Maturity Age● 28-65 years
    Premium Payment Term (PPT)Limited: PPT Policy Term
    • 8 years 16 years
    • 10 years 20 years
    Policy Term16/20 years - Fixed
    Premium Payment FrequencyYearly, Half yearly, Quarterly, Monthly
    Premium
    • Minimum: Rs. 15,000 p.a.
    • Maximum: Based on maximum Basic Sum Assured capped at Rs. 10 lakhs subject to underwriting acceptance.
    Sum AssuredBased on Premium, Age, Policy Term and Plan Option chosen Maximum Basic Sum Assured : Rs.10 Lacs per Life Insured

    Kotak Assured Savings Plan

    This is a non-participating endowment assurance plan which provides a combination of protection and wealth accumulation.

    Product Benefits

    • Guaranteed Maturity Benefit will be payable at maturity. This amount is Basic Sum Assured PLUS Accrued Guaranteed Yearly Additions PLUS Guaranteed Loyalty Addition.
    • You will receive Guaranteed Yearly Additions and Guaranteed Loyalty Addition with increase in premium payment term (PPT).

    Eligibility Details

    Age at Entry
    • Entry Age: Min: 3 years | Max: 60 years
    • Maturity Age: Min: 18 years | Max: 75 years
    Policy Term (PPT)PPT Policy Terms:
    • 5 pay 10 / 15 yrs.
    • 6 pay 12 / 18 yrs.
    • 7 pay 14 / 20 yrs.
    • 10 pay 15 / 20 yrs.
    Premium Payment FrequencyLimited Yearly, Half yearly, Quarterly, Monthly
    Premium
    • Minimum: 20,000
    • Maximum: No limit, subject to underwriting
    Sum AssuredCalculated on the basis of minimum premium amount, entry age, policy term and PPT.

    Kotak Premier Life Plan

    This is a non-linked participating whole life plan designed to protect your life right up to your 99th birthday.

    Product Benefits

    • Entitled to Simple Reversionary Bonus declared from 1st policy year and cash bonus after expiry of premium payment term.
    • Avail discount on the premium for high sum assured on maturity and cover for women.

    Eligibility Details

    Age at EntryEntry Age:
    • Min 3 years
    • Max 8 years
    • PPT - 55 years | 12 years PPT - 53 years |15 years PPT - 50 years| 20 years PPT - 45 years
    • Maturity Age: 99 years
    Policy Term (PPT)99 years less entry age
    Premium Payment TermFixed PPT of 8, 12, 15 and 20 years
    Premium Payment Frequency● Minimum Premium - Determined on the basis of Sum Assured on maturity, entry age, gender and premium payment term ● Maximum Premium - No limit, subject to underwriting
    Premium Rs. 2,00,000/-

    How to apply for Kotak Life Investment Plans

    Online

    Although this is the most convenient method of application, not all policies are available online. To begin with, simply login with your registered ID and password on the company’s official website and provide the basic KYC details, premium and cover. Once the premium is calculated, you simply need to pay via debit/credit/ net banking. Post payment, your policy will be delivered to your inbox.

    Offline

    You also have to option to go traditional - offline via banks, brokers, agents and intermediaries.

    FAQs on Kotak Life Investment Plans

    Why choose Kotak Life Investment Plans?

    With many different savings plans, Kotak Life Investment Plans can cater to all of your and your family’s needs. From protection to investment, retirement, wealth generation, child plans, Kotak Life has it all.

    Which is the best Investment Plan of Kotak Life Investment Plans in 2018-19?

    All Kotak Life Investment Plans are unique and have excellent features. You have an option to select from 10 plus savings plans.

    How to pay premium?

    What are the modes of payment available? - You can pay premium for Kotak Life Investment Plans via cash/cheque/online net banking/ECS/Branch Banking/Debit or Credit Card/Bill Desk, Bank Guarantee, IMPS, NEFT or Standing Instructions (SI).

    How can I check the status of my Kotak Life Investment Plan?

    Simply login to the official website of Kotak Life with your registered user ID and password and you will be able to access all information about your policy.

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