Kotak Endowment Plan

Recommendations :No

Name of the policy :
Kotak Endowment Plan

A brief desciption :

Coming from Kotak Life Insurance, Kotak Endowment Plan is a simple endowment plan offered to cater to long term investment needs and financial security of people. However the truth is that the returns provided by this scheme are way below a simple fixed deposit and when it comes to insurance the SA is much higher in Simple term plan with lower premiums. So it is strongly advisable to avoid this plan.

Started date :1/5/2001
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Returns expected :Less than Fixed Deposit
Entry age :18-65 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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