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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 Assured Income Plans is one of the many insurance plus investment plans offered by Kotak Life Insurance. This plan is an individual plan that is available to resident Indians and can be bought online or offline at the convenience of the customer.
The eligibility for this plan and other details are mentioned below.
Eligibility and basic details
Particulars | Details |
Entry age |
|
Maximum maturity age | 90 years |
Policy term | Up to 30 years |
Premium |
|
Premium payment tenure | 10 years |
Basic sum assured | 10 times of annual premium paid |
Premium modal factor | Premium instalment calculation modal Yearly – 100% Half-Yearly – 51% Quarterly – 100% Monthly – 100% |
Benefits
Some of the benefits of this plan include maturity benefits, death benefits, etc. The details of the same are benefits offered under the plan are mentioned below.
Particulars | Details |
Maturity benefits |
|
Assured annual payouts | For 15 years from the end of the 15th year (provided the policyholder is alive through the policy term and the policy is still active). |
Death benefits | Higher of,
|
Tax benefits | Tax benefits under section 80C and section 10(10D) |
Final Thoughts
Kotak Assured Income Plan is a good way to secure the future of the family along with getting the benefit of assured income. The plan has many benefits that make it an attractive option for the customers.
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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