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Invest smartly for a better tomorrow with Kotak Assured Income Accelerator
Kotak Life Assured Income Accelerator Plan is a dual-purpose protection and savings-based life insurance plan. Along with maturity or death benefits, this investment plan offers guaranteed income payable annually at the end of the premium payment term. With an income booster feature, your guaranteed income increases between 5% and 7% every year.
The plan offers the flexibility to choose a premium payment term for 7, 10, or 15 years (PPT) and enjoy life cover for 15, 20, or 30 years. You can even enhance your base cover with optional riders to protect against Death, Disability, and Disease.
Kotak Assured Income Accelerator Plan is a unique life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.
Kotak Assured Income Accelerator Plan offers you a range of benefits including:
Minimum entry age: 0 years Maximum entry age: 60 years
Maximum maturity age: 99 years
15,20,30 years
7,10,12 years
Limited only
10 times of annual premium
Let's understand how the Kotak Assured Income Accelerator Plan works with a simple premium illustration.
Varun is a 35-year-old male wants a ULIP plan to create wealth for the future and safeguard his family even in his absence.
His financial advisor advised him to buy the Kotak Assured Income Accelerator Plan. He visited PolicyX.com
Let's understand how the Kotak Assured Income Accelerator Plan works for him with a premium illustration table.
Age of policyholder | Annual Premiums | Policy tenure | Premium Payment Term | Maturity Benefits |
Rs. 60,000 | 30 years | 15 years | - | Rs. 3,46,440 |
Here are some features of Kotak Assured Income Accelerator:
The plan allows you to receive guaranteed income at the end of the premium payment term.
Under the Income Boosters feature, you can increase guaranteed income between 5% and 7% every year.
Death benefits will be payable upon policyholder demise, irrespective of the guaranteed income already paid.
Customize the plan based on your need with a wide range of optional riders.
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There are various benefits to buying the Kotak Assured Income Accelerator Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the Kotak Assured Income Accelerator:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the Kotak Assured Income Accelerator official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of Kotak Life Insurance.
Hover over the 'Investment Plans' from the top of the menu.
Click on the 'Kotak Assured Income Accelerator' plan.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the Kotak Assured Income Accelerator Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
What’s Good Here | What’s Missing |
Flexible Premium Payment Term | Guaranteed Additions |
Income Boosters | No High sum assured rebate |
Guaranteed Income | No Auto cover continuance |
Waiver of Premium Option | Cash Bonus |
5 Add-on Riders | Plan Options |
Kotak Life Assured Income Accelerator Plan is a two-in-one protection and savings-based life insurance plan. It offers guaranteed income annually at the end of the premium payment term.
For more info related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.
Yes, you can surrender your Kotak Assured Income Accelerator plan once your policy acquires a surrender value.
Kotak Life Assured Income Accelerator Plan is a dual-purpose protection and savings-based life insurance plan that offers guaranteed income.
At the end of the premium payment term, the Guaranteed Income is payable during the Payout Period.
Income booster increases your guaranteed income each year, depending on the premium amount and premium-paying term you choose.
Kotak Life Insurance claims Settlement Ratio for FY 2022-23 is 98.82%, calculated based on claims settled over total claims for the financial year.
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February 5, 2023
Asia/Kolkata
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