You always needed protection but what if you are provided with an alternative that offers an opportunity for savings and wealth accumulation as well? Kotak Classic Endowment Plan can help in fulfilling these requirements. Kotak Classic Endowment Plan is a long term protection cum savings plan that offers protection benefit while earning Bonuses during the policy term.
PT/PPT combination of 15/7 years:
|Maturity Age||Min: 18 years
Max: 75 years
|Premium Payment Term (PPT)||
15 to 30 years
|Premium Payment Option||Regular and Limited only|
Regular Pay: 7,000
Limited Pay: 7,000 (except for PT/PPT combination of 15/7 years)
PT/PPT combination of 15/7 years: 12,000
No limit, subject to underwriting
|Minimum Sum Assured on maturity||
Determined on the basis of minimum premium amount, entry age, policy term and PPT
|Premium Payment Mode||Yearly, Half yearly, Quarterly, Monthly|
|Modal Factor (% of annual premium)||Yearly - 100%, Half yearly - 51%, Quarterly - 26%, Monthly - 8.8%|
You may also consider:Kotak Platinum
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