Kotak Surakshit Jeevan

Recommendations :No

Name of the policy :
Kotak Surakshit Jeevan

A brief desciption :

Coming from Kotak Life Insurance, Kotak Surakshit Jeevan is a protection cum savings plan with an enhanced protection. Investors opting to buy this policy get the advantage of a double death cover, but the premium charged for such a benefit is relatively higher especially if one considers the premiums charged by a pure term plan. Thus, if one were to opt for the Kotak Term Plan instead, for a policy term of 25 years and sum assured equivalent to double the death cover as provided for by Surakshit Jeevan, the premiums payable shall be much lower.

Started date :27/7/2007
Type of policy :Insurance cum investment
Category :Traditional- Endowment Plan
Insurance :For first 6 months from inception= Return of premiums paid, From 6 months to 5th Year= 100% of basic sum assured, From Year 6 to Year 10= 200% of basic sum assured+ Vested and Interim bonuses if any, From Year 11 onwards= 200% of basic sum assured + Veste
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- 3500 Max- 35,000

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