Kotak Assured Income Plan

Recommendations :No

Name of the policy :
Kotak Assured Income Plan

A brief desciption :

Kotak Assured Income Plan is a saving cum insurance plan. As the name suggests, this plan guarantees payment of an annual income to the policyholder starting from the end of the 10th year until maturity, ie, for a period of 20 years. However the cover offered is way below a simple term cover plan so it is advisable to go for a term cover plan and a simple Fixed Deposit to cater to your saving and insurance needs.

Started date :24/2/2011
Type of policy :Insurance cum investment
Category :Traditional- Endowment Plan
Insurance :SA= 10 times AP
Returns expected :Less than Fixed Deposit
Entry age :0-60 Years
Surrender :Guaranteed Surrender Value = 30% of basic premiums paid - 1st year's premium and additional premium paid (if any).
Minimum amount :Min- 10,000 Max- No limit

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