Kotak Eternal Life Premier Plan

Recommendations :No

Name of the policy :
Kotak Eternal Life Premier Plan

A brief desciption :

Similar to Whole Life Plans, Kotak Eternal Life Premier Plan is a traditional endowment plan where premium is paid for the whole policy term but cover continues till 99 Years of age. Moreover the premium payable increases by 5% till the insured reaches 50 years of age. Insurance cover is required till the person is earning and is having dependents so whole life plans turn out to be worthless. Moreover the premiums are unaffordable and sum assured offered is way below a classic term plan.

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

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Table of Contents

Table of Contents