Kotak Eternal Life Classic Shield Plan

Recommendations :No

Name of the policy :
Kotak Eternal Life Classic Shield Plan

A brief desciption :

Similar to Whole Life Plans, Kotak Eternal Life Classic Shield Plan is a traditional endowment plan where premium is paid for the whole term but cover continues till 99 years of age. However a whole life plan is not recommended because insurance is required for the earning member of the family who has dependents so when a person stops earning the need for insurance also vanishes. So such plans are nothing but a sheer waste of hard earned money.

Started date :6/6/2007
Type of policy :Insurance cum investment
Category :Traditional- Endowment Whole Life Plan
Insurance :Min- 1.5 lakhs Max- No limit
Returns expected :Less than Fixed Deposit
Entry age :0-65 Years
Surrender :Guaranteed Surrender Value = 30% of basic premiums paid - 1st year's premium and additional premium paid (if any)
Minimum amount :Min- For PPT 10-14 Years= Rs 10,000 For PPT 15+ Years= Rs 6,000 Max- No limit

Fintotal Product Analysis is the ideal place to seek unbaised and neutral view on all financial products.

Do not get fooled by agents and distributors, just check here before you make any purchases.


Explore more in a easy manner.


Table of Contents

Table of Contents