Know your maturity amount upfront. 100% guaranteed returns with no market or bonus uncertainty.
A dependable life insurance savings plan designed for people who want absolute certainty and zero surprises.
Unlike market-linked ULIPs or participating endowment plans whose future maturity value fluctuates with stock indices or annual company-declared bonuses, Kotak Assured Savings Plan delivers complete financial predictability. It is an individual, non-linked, non-participating life insurance savings plan where every rupee of your maturity benefit is calculated and locked in on the very day your policy commences.
Under this plan, you commit to paying premiums for a comfortable, limited term of 5, 6, 7, or 10 years, while your life cover and money continue working over a policy horizon of 10 to 20 years. Throughout your premium payment term, the policy credits Guaranteed Yearly Additions (GYA) at rates climbing as high as 10% of cumulative annualized premiums paid. At the end of the term, a lump sum Guaranteed Loyalty Addition (GLA) is paid in addition to your Basic Sum Assured.
Whether you are earmarking an untouchable higher-education fund for your child, preparing a wedding reserve, planning a debt payoff, or creating a risk-free safe bucket for retirement, Kotak Assured Savings Plan removes all guesswork. If life takes an unfortunate turn, your family is shielded by a comprehensive life cover that guarantees their financial stability.
Every rupee of benefit under this policy is backed by contractual guarantees and life protection.
On surviving until the end of the policy term with all due premiums paid, you receive the full Guaranteed Maturity Benefit. It is completely immune to market volatility and economic downturns.
Every year throughout your premium payment term (PPT), a fixed percentage is calculated on cumulative annualized premiums paid and credited to your policy account.
A guaranteed bonus credited at maturity to reward you for staying invested for the full tenure. It adds a meaningful lump sum boost directly to your final payout.
In the unfortunate event of the life insured's demise during the policy term, the nominee receives full financial protection to ensure the family's dreams remain funded.
Kotak Assured Savings Plan has no interim survival drainage during the term. By keeping the full corpus compounding safely until maturity, you avoid impulsive withdrawals.
Review the minimum and maximum boundaries before structuring your Kotak Assured Savings Plan.
| Parameter | Details & Criteria |
|---|---|
| Min Entry Age | 3 years (Age last birthday) |
| Max Entry Age | 60 years (Age last birthday) |
| Min Maturity Age | 18 years (Age last birthday) |
| Max Maturity Age | 75 years (Age last birthday) |
| Policy Term (PT) | 10, 12, 14, 15, 18, or 20 years (selected based on PPT option) |
| Premium Payment Term (PPT) | 5, 6, 7, or 10 years |
| Min Annualised Premium | ₹20,000 per annum (exclusive of applicable goods & services tax) |
| Min Sum Assured | ~₹2,00,000 to ₹2,50,000 (varies based on entry age, gender, PPT, and premium slab) |
| Max Sum Assured / Premium | No upper limit (subject to Kotak Life's Board-approved Underwriting Policy) |
| Premium Modes | Yearly, Half-Yearly, Quarterly, and Monthly |
| Maturity Benefit | Basic Sum Assured + Accrued GYA + Guaranteed Loyalty Addition (GLA) |
| Death Benefit | Highest of: (1) Basic Death Benefit + Accrued GYA, or (2) 105% of total premiums paid |
* Note: For minor lives (entry age under 18), the risk commences immediately upon policy issuance. The policy vests in the life insured automatically upon attaining age 18.
A simple, disciplined journey from your first payment to guaranteed maturity payout.
Decide how much you want to invest each year, pick a convenient premium payment term (5, 6, 7, or 10 years), and select a matching policy tenure (10 to 20 years) for your goal.
Pay your chosen premium in yearly, half-yearly, quarterly, or monthly installments. Your comprehensive life insurance cover is active from day one, safeguarding your loved ones.
Every year during your premium paying years, Guaranteed Yearly Additions (GYA) accrue between 7% and 10% on cumulative premiums paid. Zero market risk, zero volatility.
At maturity, collect your full maturity benefit: Basic Sum Assured + all accrued GYA + Guaranteed Loyalty Addition in a single lump sum, tax-free under prevailing laws.
Select the payment frequency that fits your cash flow and financial routine.
Pay once a year with zero modal loading. Highly recommended for annual bonus or dividend earners.
Split your annual contribution into two convenient half-yearly payments 6 months apart.
Spread your savings evenly across each financial quarter for smooth budget management.
Automate monthly contributions via NACH / auto-debit, ideal for salaried professionals.
Enhance your effective returns with tax savings at both the investment and maturity stages.
The premiums you pay towards Kotak Assured Savings Plan are eligible for tax deduction under Section 80C of the Income Tax Act, 1961.
Maturity and death claim proceeds enjoy attractive exemptions under Section 10(10D) of the Income Tax Act, 1961.
Bolster your safety net by adding comprehensive rider covers to your base plan at a nominal additional cost.
Provides additional pure term life cover over and above the base plan sum assured in case of the unfortunate demise of the life insured during the rider term.
Pays an additional lump sum accidental benefit to the nominee if death occurs as a direct result of an accident, doubling financial security.
Provides periodic financial installments in the unfortunate event of total and permanent disability caused by an accident, replacing lost earning power.
Waives all future premiums payable under the policy if the policyholder passes away, ensuring the policy continues smoothly until maturity for the child.
Waives all future premiums if the policyholder suffers total and permanent disability due to an accident, preventing policy lapse when finances are strained.
Provides a lump sum payout on the first confirmed diagnosis of any of the covered critical illnesses, helping fund medical treatment without breaking savings.
