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Kotak Life- Endowment Plan

Kotak Endowment plan of Kotak Life Insurance is an insurance policy that has been planned to offer Endowment plan the gives you an opportunity for long term investment to accumulate a lump sum on maturity. If one is unsure about his/her future income or would like to pay up all premiums over a short period of time and can enjoy benefits of the policy for the entire term, can go for Kotak Endowment Plan.

Benefits
1. Maturity Benefits : At the time of maturity of the policy the Basic Sum Assured or the Accumulation Account will be paid.
2. Death Benefits :- In case of death of the insured, the beneficiary will get the Basis Sum Assured less all the premiums due not paid or the Accumulation Account, whichever is higher.
3. Bonus : - The bonus declared is credited to the account at the end of each financial year. During the term, returns are earned on a compounding basis, accumulated to create a good amount for you.
4. Premium Payment Option : You can choose a term from 10 to 30years but need to payoff all your premium over a limited term of 3, 5,7,10 or 15 years with your life cover continuing till maturity.
5. Automatic Cover Maintenance : In case you miss to pay your premium then Automatic Cover Maintenance ensure that you policy does not get effected. This facility will be given after first three policy years.
6. Rider Benefits : - Following are options that are available for rider benefits-
a) Term / Preferred Term Benefit
b) Accidental Death Benefit
c) Permanent Disability Benefit
d) Critical Illness Benefit
e) Life Guardian Benefit
f) Accidental Disability Guardian Benefit
7. Tax benefit : You would be eligible for tax benefit under Section 80C, 10(10D) of Income Tax Act, 1961. Premiums paid for Critical Illness Benefit qualify for a deduction under Section 80D.

Eligibility :

Parameters	Minimum	Maximum
Entry Age	18 years	65 years
Term	10 years	30 years
Maturity Age	75 years
Minimum Premium excluding Policy Fee	Yearly-Rs. 4000, Half Yearly- Rs. 2055, Quarterly- Rs. 1060
Policy Fee	Half Yearly-Rs.15, Quarterly-Rs.20

Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.

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