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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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Kotak Premium Endowment Plan is an endowment plan with insurance coverage. The policy provides guaranteed additions for the initial 5 years and accrued bonuses from the 6th year. The key details of the year are mentioned below.
Particulars | Details |
Nature of Policy | Individual Endowment plan with long term benefits |
Policy tenure | 10-30 years |
Applicable entry age | 18 years to 60 years |
Maturity age | 70 years |
Premium paying term | Regular Pay – equal to the policy term Limited Pay – 5years, 7 years, 10 years 15 years |
Yearly premium payment | Minimum premium regular pay – Rs. 8,000 Minimum Premium limited pay – Rs. 15,000 |
Frequency of premium payment | Monthly, quarterly, half-yearly, yearly |
Additional Benefits |
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Maturity benefit | Sum assured + guaranteed additions+ accrued bonuses+ terminal bonus |
Surrender value | Guaranteed Surrender Value or Special Surrender Value |
Death Benefits | Higher of,
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Settlement option |
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Final Thoughts
Kotak Premium Endowment Plans is an insurance cum investment plan designed for individuals in India. Customers can also include additional riders on the existing plans depending on their requirements.
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
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A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
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Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
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CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application