Kotak Child Advantage Plan

Recommendations :No

Name of the policy :
Kotak Child Advantage Plan

A brief desciption :

Kotak Child Advantage Plan is traditional endowment child plan where the life of child is insured and it secures child's future needs like education, marriage, etc. However the bad news is that insurance is required only for the earning member of the family having dependents. So the idea of insuring life of the child is just another way of shelling out money from people's pocket.

Started date :27/5/2002
Type of policy :Insurance cum investment
Category :Traditional- Endowment Child Plan
Insurance :Min- As long as premium is 4000 Max- 25 lakhs
Returns expected :Less than Fixed Deposit
Entry age :0-17 Years
Surrender :Guaranteed Surrender Value = 30% of basic premiums paid - 1st year's premium and additional premium paid (if any).
Minimum amount :Min- 4000 Max- No limit

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