Interested in financial products
CreditMantri
Processing

Credit Score powered by our Bureau Partners Equifax® | Crif

Kotak Assured Income Accelerator is a popular savings and insurance plan from Kotak Life Insurance. Let’s check the eligibility and benefits of this plan.

Eligibility

The eligibility for the Kotak Assured Income Accelerator Plan is explained below.

Particulars

Details

Entry age

7-year premium plan – 0 to 60 years

10-year premium plan – 0 to 60 years

15-year premium plan – 0 to 55 years

Maturity age

Minimum maturity age – 18 years

Maximum maturity age – 85 years

Premium payment

The minimum premium to be paid is Rs. 15,000

Premium paying term

7 years, 10 years and 15 years

Premium Paying frequency

Monthly, quarterly, half-yearly and annual 

Policy term

15 years, 20 years and 30 years

Basic sum assured

10 times the annual premium

Benefits

The benefits that can be received under this plan are mentioned below.

Particulars

Details

Maturity benefits

Percentage of basic sum assured as guaranteed maturity benefits

Death benefits

Death benefits are provided to the legal heir of the insured person

The amount of death benefit to be provided depends on the entry age of the customer. The death benefit is calculated in the following manner,

Entry age below 50 years

Higher of,

  • Basic sum assured
  • Guaranteed maturity benefits
  • 11 times the annual premium 

Entry age over 50 years

Higher of,

  • Basic sum assured
  • Guaranteed maturity benefits
  • 7 times the annual premium

Guaranteed Income

Increases every year and ranges between 7% and 13% of the basic sum assured

Income tax benefits

Tax benefits under sections 80C and 10(10D)

Final Thoughts

Kotak Assured Income Accelerator is a guaranteed income plan with a savings component. Customers can get up to 10 times the premium paid as the sum assured under the plan.

Apply for a credit score

POPULAR LINKS

Know Your CIBIL™ Score ?

A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan

What Is Credit Repair?

Credit repair involves rebuilding your credit health to a level where you become eligible for loans.

What Is A Credit Report?

A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit

What Is A Credit Rating?

A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders

What Is A Bad Credit Score?

A bad credit score is generally one that is less than 650. A credit score is a three digit number in the range of 300-900

Is A Credit Score Of 850 Good?

Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans

How To Improve CIBIL™ Score ?

There are several ways in which you can improve your credit score. Depending on how good or bad your score is,

Is A Credit Score Of 800 Good?

Is 800 a good credit score? Yes. In fact, a credit score of 800 is very good! Only a small percentage of people reach,

How To Get A Free Credit Check?

Is it possible to obtain a free credit check or credit report? The answer is yes and no!

Good CIBIL™ Score For Loans ?

Your CIBIL™ Score plays an important role in getting loans and credit cards sanctioned, because it gives lenders

How To Check CIBIL™ Score For Free ?

It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.

How To Check CIBIL™ Defaulter List ?

It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,

What Is The Average Credit Score?

There is really no number that can be established as the average credit score in India. Many people see regular

How Much Does Credit Repair Cost?

You can repair your credit absolutely free if you do it yourself! However, many people choose to get professional help

How To Remove Name From CIBIL™ ?

First, it is important to note that there is no ‘Defaulters List’ that is maintained or circulated by CIBIL™ or any of the other

Why You Need To Check Your Credit Report?

Sourav and Ankit are watching the New York Marathon on TV and decide that they want to run a marathon.

What Is The Best Credit Score To Have?

In India, the best credit score to have is one that is 750 or above. The three credit rating agencies that operate in India

Can I Get A Loan With A Credit Score Of 700?

Is a credit score of 700 good? While it is not a very bad score, it is not good enough to automatically qualify

Can I Get A Loan With A Credit Score Of 650?

It is difficult to get a loan with a credit score of 650. Most banks look for a minimum score of 750 when deciding

Can I Get A Loan With A Credit Score Of 600?

It is not likely that you will get a loan with a credit score of 600. Most banks look for a minimum score of 750

Can I Get A Loan With A Credit Score Of 550?

It is difficult to get a loan with a credit score of 550. Most banks look for a minimum score of 750 when deciding

How To Improve CIBIL™ Score Immediately ?

A poor CIBIL™ score can increase your financial problems and make it difficult to access credit, whether as a loan or credit.

How To Improve CIBIL™ Score After Credit Card Settlement ?

One common worry that runs through your mind after you have made a credit card settlement is,

×Thank you! Your comment will be reviewed and posted shortly.

Related links

Download our App

Creditmantri

COMMUNITY

PRODUCTS

POPULAR SEARCH

RESOURCES

CALCULATORS

TOP SEARCH

Mastercard
Visa
Rupay
SafeKey
thawtr

CreditMantri ™ is a registered trademark of CreditMantri Finserve Private Limited. All Rights Reserved. Product name, logo, brands, and other trademarks featured or referred to within Credit Mantri are the property of their respective trademark holders.

Some of the information presented on this website has been collated from publicly available sources. CreditMantri shall not be in any manner whatsoever, be held responsible for any reliance on the same

CreditMantri was created to help you take charge of your credit health and help you make better borrowing decisions. We support customers with every kind of credit profile - those who are new to credit and have a minimal or nonexistent record; those who have a problematic history; and those who already enjoy a healthy profile. If you are looking for credit, we will make sure you find it, and ensure that it is the best possible match for you. How do we help you? We enable you to obtain your credit score instantly, online, real time. We get your Credit Score online and provide a free Credit Health Analysis of your Equifax report. Based on the analysis, we help you discover loans and credit cards best suited for your credit profile. We help you understand your Credit Profile, Credit Information Report (CIR) and know where you stand. We are a one-stop shop for all your credit needs. We make it easy for you to browse through and compare the various financial products on offer on the market; access our free and user-friendly online tools; and finally, enjoy a stress-free application process with quick approvals. We ensure that you have a better shot at getting an approval for a loan or credit card you apply since we match the lender’s criteria to your credit profile. We help you avoid loan rejection by carefully determining your eligibility and matching you with the right lender/product. We achieve this with a cutting edge combination of data science and technology that ensures that both lenders and borrowers have a transparent common platform to make their decisions. We treat your data with the utmost confidentiality and will never share or sell it to anyone. That is our CreditMantri guarantee. Our dedicated and best-in-class customer service will go the extra mile (or two) to support you on every step of your credit journey. Our 21 Million happy customers are our best testimonial.

CreditMantri is India’s No. 1 site for Credit Analysis and Free Credit Score Online. Let us help you take control of your credit goals and unlock the door to your financial freedom.

Corporate Agent (Composite)

CreditMantri Finserv Private Limited

CIN No

U72100TN2012PTC085154

IRDAI Registration Number

CA0665

Valid Till

01-Aug-2025

ADDRESS

CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002

Copyright © 2024 CreditMantri