Close
Close

Buy a life insurance plan in a few clicks

Now you can buy life insurance plans completely online right here.

  • Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

  • Kotak e-Assured Savings Plan

    Kotak e-Assured Savings Plan not only provides affordable protection but also helps accrue wealth for accomplishing your upcoming financial aims by giving guaranteed benefits.

Close

Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

Kotak Assured Income Accelerator

A non-participating guaranteed@ income anticipated endowment insurance plan

Let your savings accelerate your income. Whether you are an entrepreneur, an employee or a professional, you work hard to improve your performance, resulting in increased income year on year. Even with your savings, you expect to fetch a value that increases with every passing year. Kotak Assured Income Accelerator offers a unique way to get risk free returns. It ensures that you get Guaranteed Income every year on the same amount of savings and that your Guaranteed Income increases year on year – a plan that truly grows with your savings!

How it works

  • Mr. Sharma is a 35 years old Government employee

  • He chooses an annual premium of Rs. 60,000/-* for a premium payment term of 15 years and a policy term of 30 years which helps determine Basic Sum Assured and Guaranteed Income

  • He pays premiums every year for the selected premium payment term

  • After premium payment term of 15 years expires, he gets Guaranteed Income starting at Rs. 78,000/- at the end of the 16th policy year, gradually increasing during Payout Period

  • At the age of 65, the plan matures and Mr. Sharma enjoys the last installment of increasing payout and the Guaranteed Maturity Benefit totaling to Rs. 3,46,440/-

  • He can finally invest in building a home in his native land.

  • Also, in case of an unfortunate event of his death, his nominees receive a death benefit as defined by the policy.

    * The above Premium figures are exclusive of Goods and Services Tax and Cess. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums.

Key features

  • Get Guaranteed Income

    Payable every year during the Payout Period

  • Increase in Guaranteed Income

    Through Income Boosters from 5% to 7% yearly

  • Get higher Guaranteed income

    With higher annual premium

  • Get death benefit

    Irrespective of Guaranteed Income already paid

  • Get Guaranteed Maturity Benefit

    Along with the last payout

  • Customise Protection

    Through a wide range of Riders

  • Enjoy tax benefit

    As per applicable tax laws

Eligibility

  • Entry Age

    • Minimum: 0 years
    • Maximum: 7 PPT – 60 years | 10 PPT – 60 years | 15 PPT – 55 years
  • Maturity Age

    • Minimum: 18 years
    • Maximum: 85 years
  • Policy and Premium Payment Term (PPT)

    • (PPT: Policy Terms)
    • 7 pay: 15 years | 10 pay: 20 years | 15 pay: 30 years
  • Payout period

    • 7 PPT: 8 yearly Payouts starting from the end of the 8thpolicy year
    • 10 PPT: 10 yearly Payouts starting from the end of the 11th policy year
    • 15 PPT: 15 yearly Payouts starting from the end of the 16th policy year
  • Premium Payment Option

    • Limited only
  • Annual Premium

    • Minimum: 15,000
    • Maximum: No limit, subject to underwriting
  • Basic Sum Assured

    • 10 times of annual premium
    • In case of non-annual mode, the installment premium will be divided by modal factor to arrive at annual premium.
  • Premium Payment Mode

    • Yearly, Half yearly, Quarterly, Monthly
  • Modal Factor (% of annual premium)

    • The following modal loading will be used to calculate the installment Premium.
    • Yearly - 100%, Half yearly - 51%, Quarterly - 26%, Monthly - 8.8%

Additional protection with optional Riders

  • Kotak Term Benefit

    In case of death of life insured, rider sum assured will be paid in addition to death benefit under the base plan.

    Download
  • Kotak Accidental Death Benefit

    In case of death of the life insured due to accident, rider sum assured will be paid in addition to the death benefit under the base plan.

    Download
  • Kotak Permanent Disability Benefit

    In case of life insured being permanently disabled due to accident, benefit is paid in installments.

    Download
  • Kotak Life Guardian Benefit

    In case of death of the policyholder (if different from Life Insured), outstanding premiums are waived and will be paid by Kotak Life Insurance.

    Download
  • Kotak Accidental Disability Guardian Benefit

    In case of accidental disability, outstanding premiums are waived and will be paid by Kotak Life Insurance.

    Download
  • Kotak Critical Illness Plus Benefit Rider

    Rider Sum Assured shall be payable in part or whole, in case the Life Insured is diagnosed with any one of the 37 Critical Illness (subject to terms and conditions)

    Download
Calculate premium

Enter a few details to calculate your premium instantly.

Calculate premium

Downloads

Download the brochure to know more about the plan and how it can benefit you.

Need help with life insurance?

Request a Life Advisor

Select City
New
Savings and Investments Plans

Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

Call our toll free number and our representative will help you buy the most suitable plan.

Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

You may avail of tax benefits under Section 80C and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details.

Unique Identification Number (UIN):

Kotak Assured Income Accelerator: 107N089V01, Form No: N089 Kotak Term Benefit Rider – 107B003V03, Kotak Accidental Death Benefit Rider – 107B001V02, Kotak Permanent Disability Benefit Rider – 107B002V02, Kotak Life Guardian Benefit Rider – 107B012V02, Kotak Accidental Disability Guardian Benefit – 107B011V02, Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V01 From No. 020. Ref. No.: KLI/19-20/E-WEB/090

@Guaranteed benefits due under this plan are available provided premiums are paid regularly for the entire premium payment term and the policy is in force. This is a non-participating guaranteed income anticipated endowment plan. For sub-standard lives, extra premium may be charged based on KLI’s underwriting policy. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For details on riders, please read the Rider Brochure.

Regd. Office:

Kotak Mahindra Life Insurance Co. Ltd. (Formerly known as Kotak Mahindra Life Insurance Company Ltd.(Formerly known as Kotak Mahindra Old Mutual Life Insurance Ltd.))

Reg No. 107
CIN : U66030MH2000PLC128503
2nd Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)
Website: http://insurance.kotak.com
Email: clientservicedesk@kotak.com

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

BEWARE OF SPURIOUS/FRAUD PHONE CALLS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Similar plans

  • Kotak Gramin Bima Yojana

    Kotak Gramin Bima Yojana provides you the benefit on maturity of the plan an also offers protection against uncertainties with the ease of paying a one-time premium.

    Know more
  • Kotak Classic Endowment Plan

    Kotak Classic Endowment Plan is a long term protection cum savings plan that offers protection benefit while earning bonuses during the policy term.

    Know more
  • Kotak Assured Income Plan

    Kotak Assured Income Plan guarantees you an additional income every year for fixed 15 years so that you can enjoy life cover for the entire policy term.

    Know more
  • Kotak SmartLife Plan

    A Limited Pay Non-Linked Participating Life Insurance plan. You earn and work hard to accomplish your dreams and aspirations at every stage of life.

    Know more
  • Kotak Wealth Insurance

    Kotak Wealth Insurance is a unit-linked insurance plan (ULIP) that allows you to build a corpus of money by regularly investing in funds of your choice while protecting your family.

    Know more
  • Kotak Invest Maxima

    Kotak Invest Maxima is an investment oriented unit-linked life insurance plan with maximum premium allocation and a Systematic Switching Strategy that allows you to enter the equity market in a systematic manner.

    Know more
  • Kotak Assured Savings Plan

    Kotak Assured Savings Plan is an affordable protection plan that enables you to accumulate wealth and strengthens your finances for the future.

    Know more
  • Kotak Premier Moneyback Plan

    Kotak Premier Moneyback Plan is a limited pay plan that provides lump sum payouts at regular intervals to meet your interim financial requirements and let you offer the best to your family.

    Know more
  • Kotak Sampoorn Bima Micro-Insurance Plan

    Kotak Sampoorn Bima Micro Insurance Plan is a single premium plan with fixed term of 5 years to cater to the needs of low-income customers.

    Know more
  • Kotak Premier Life Plan

    Kotak Premier Life Plan is a limited premium paying participating whole life plan, where you can choose to receive bonus payouts even after premium payment term expires.

    Know more
  • Kotak POS Bachat Bima

    Kotak Life Insurance presents a simple savings and protection oriented plan, which provides all guaranteed benefits while giving life insurance cover – Kotak POS Bachat Bima.

    Know more
  • Kotak Guaranteed Savings Plan

    A Non-Linked Non-Participating Life Insurance plan

    Know more
  • Kotak Platinum Plan

    Kotak Platinum is an investment plan with an unmatched combination of three investment strategies and flexibilities for complete control over your investments.

    Know more
  • Kotak Ace Investment

    Kotak Ace Investment Plan is designed with the clear objective of helping you accumulate wealth and provide you adequate life cover.

    Know more
  • Kotak Single Invest Plus

    Kotak Single Invest Plus is a single premium unit linked plan where, by just paying once, you can reap benefits and also stay protected.

    Know more
  • Kotak Single Invest Advantage

    Kotak Single Invest Advantage is a hassle-free unit linked plan, where you invest once and reap the benefits throughout the policy term.

    Know more
  • Kotak Premier Endowment Plan

    Kotak Premier Endowment Plan offers Guaranteed Additions in the first 5 policy years and also works to provide you a corpus through continued bonuses.

    Know more
  • Kotak Premier Income Plan

    Kotak Life Insurance presents Kotak Premier Income Plan a savings and protection oriented plan that provides Guaranteed Annual Income immediately after the premium payment term to provide you with an additional annual income.

    Know more