Kotak Assured Income Plan is a comprehensive savings-cum-protection plan. It provides a life cover for 30 years which helps protect the family from uncertainties in the absence of the life insured. The insurance premium has to be paid for a limited term of 10 years. The plan guarantees a yearly additional income for a fixed period of 15 years which functions as a second income.
Guaranteed Tax Savings
Under sec 80C & 10(10D)₹1 Crore
Invest ₹10k Per Month*Zero LTCG Tax
Unlike 10% in Mutual FundsThe Sum Assured on Death is higher of the following:
|
Minimum |
Maximum |
Entry Age (last birthday) |
0 years |
60 years |
Maturity Age (last birthday) |
- |
90 years |
Policy Term (fixed) |
30 years |
|
Basic Sum Assured |
10 times of the Annual Premium |
|
Premium Payment Term |
10 years |
|
Premium Payment Mode |
Yearly, Half-yearly, Quarterly, Monthly |
|
Premium Amount |
Rs. 15,000 per annum |
No limit |
Premium Modal Factor |
The following modal loadings are used to calculate the instalment premium:
|
Exclusion
Suicide: In the event where the life insured commits suicide, whether medically declared sane or insane, within:
You may also like to read: Kotak Life ULIP Plans
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ