To provide your family the financial security in case of unfortunate contingencies, you require a plan that offers you life cover along with the ability to grow your savings.
Kotak Endowment Plan is a participating endowment plan that provides you an avenue for long term regular investments to accumulate a lump sum on maturity.
This plan is ideal for you…
If you are looking for regular investment over a long term and would want to receive a lump sum on maturity.
If you are unsure of your future stream of income or would like to pay up all your premiums over a short period of time and enjoy benefits of the policy for the entire policy term.
Dual benefit of insurance and accumulating investments
Earn bonuses on the plan
Limited premium payment – if you are unsure of your future stream of income or would like to pay up all your premiums over a period of time and enjoy benefits of the policy for the entire policy term.
The higher of the Basic Sum Assured or the Accumulation Account will be paid to you on maturity.
Death Benefit In the event of death, the beneficiary would be entitled to the Basic Sum Assured less all the premiums due but not paid (if any) or the Accumulation Account, whichever is higher.
The premiums paid by you, net of charges are deposited in the Accumulation Account and the bonus declared is credited to this account at the end of each financial year. During the term of the plan, returns are earned on a compounding basis, accumulating to create a substantial corpus for you.
Limited Premium Payment Option
You may choose a term ranging from 10 to 30 years but pay off all your premiums over a limited term of 3,5,7,10 or 15 years with your life cover continuing till maturity. Your Accumulation Account would benefit from the bonuses declared every year, not just during the premium paying period but for the entire policy term.
Automatic Cover Maintenance
In case you miss some premium payment, the Automatic Cover Maintenance facility ensures the policy remains in force. This facility is available after the first three policy years.
You can choose from any of the following riders:
Term / Preferred Term Benefit (KTB – UIN No: 107C003V02, KPTB – UIN No: 107C013V01)
Accidental Death Benefit (ADB – UIN No: 107C001V01)